Cost formula Information on Entity A's inventory of Product A is as follows: Units 3,000 Unit Cost Total Cost P 58,650 Balance at Jan. 1 P19.55 Purchases: Jan. 6 Jan. 26 Sales: 10,200 2,250 21.50 219,300 46,350 20.60 Jan. 7 2.700

Cost formula Information on Entity A's inventory of Product A is as follows: Units 3,000 Unit Cost Total Cost P 58,650 Balance at Jan. 1 P19.55 Purchases: Jan. 6 Jan. 26 Sales: 10,200 2,250 21.50 219,300 46,350 20.60 Jan. 7 2.700

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 24E: Banwood Company has the following information for 20x1: There were no beginning inventories. What is...

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Question

How to compute the cost of sales using moving average method?

Cost formula
Information on Entity A's inventory of Product A is as follows:
Units
3,000
Total Cost
P 58,650
Unit Cost
Balance at Jan. 1
P19.55
Purchases:
Jan. 6
Jan. 26
Sales:
10,200
21.50
219,300
2,250
20.60
46,350
Jan. 7
Jan. 31
2,700
7,200

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