16. Macdo had 150,000 units of product A on hand at January 1, 2020, costing P21 each. Purchases of Product A during the month were as follows: January 5 January 18 January 30 Units 200.000 250,000 100.000 Unit Cost P22 23 24 A physical count on January 31, 2020 shows 250,000 units of Product A on hand What is the cost of the inventory at January 31, 2020 under LIFO method?
16. Macdo had 150,000 units of product A on hand at January 1, 2020, costing P21 each. Purchases of Product A during the month were as follows: January 5 January 18 January 30 Units 200.000 250,000 100.000 Unit Cost P22 23 24 A physical count on January 31, 2020 shows 250,000 units of Product A on hand What is the cost of the inventory at January 31, 2020 under LIFO method?
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...
Related questions
Question
16. Macdo had 150,000 units of product A on hand at
January 1, 2020, costing P21 each. Purchases of Product
A during the month were as follows:
January 5
January 18
January 30
Units
200.000
250,000
100.000
Unit Cost
P22
23
24
A physical count on January 31, 2020 shows 250,000
units of Product A on hand
What is the cost of the inventory at January 31, 2020
under LIFO method?
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