18. On January 2020, Roel Corp. Has th following inventory purchases. January Units Amount P7,500 5,850 6,300 4,950 3 5,750 5,100 7,600 6,600 8 16 26 A physical count of inventory on January 30 reveals that there are 1,000 units on hand. Under the FIFO inventory method, what is the value of inventory allocated, charged to cost of goods sold on January??
18. On January 2020, Roel Corp. Has th following inventory purchases. January Units Amount P7,500 5,850 6,300 4,950 3 5,750 5,100 7,600 6,600 8 16 26 A physical count of inventory on January 30 reveals that there are 1,000 units on hand. Under the FIFO inventory method, what is the value of inventory allocated, charged to cost of goods sold on January??
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 39BE
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