17. Natomi Company uses the moving average cost method of valuing inventories. During August 2022, the following inventory details were recorded: Opening bal. 300 units valued at P20 each August 5 August 10 August 18 August 23 Purchase of 500 units at P24 each Issue of 400 units Purchase of 600 units at P25 each Issue of 250 units How much is the value of the month-end inventory for August 2022? A 17,678 В. 18,600 С. 18,000 D. 18,750
17. Natomi Company uses the moving average cost method of valuing inventories. During August 2022, the following inventory details were recorded: Opening bal. 300 units valued at P20 each August 5 August 10 August 18 August 23 Purchase of 500 units at P24 each Issue of 400 units Purchase of 600 units at P25 each Issue of 250 units How much is the value of the month-end inventory for August 2022? A 17,678 В. 18,600 С. 18,000 D. 18,750
Chapter10: Inventory
Section: Chapter Questions
Problem 2TP: Assume your company uses the periodic inventory costing method, and the inventory count left out an...
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