See the picture for other details. choose the letter of answer Using perpetual inventory system under Average method, how much is the ending inventory and cost of sales, respectively?    a. P 7,517 and P 13,783, respectively b. P 7,905 and P 13,783, respectively c. P 7,905 and P 13,395, respectively d. P 7,517 and P 13,395, respectively

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Chapter6: Merchandising Transactions
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See the picture for other details. choose the letter of answer
Using perpetual inventory system under Average method, how much is the ending inventory and cost of sales, respectively? 
 
a. P 7,517 and P 13,783, respectively
b. P 7,905 and P 13,783, respectively
c. P 7,905 and P 13,395, respectively
d. P 7,517 and P 13,395, respectively
ABC Co. a wholesaler has the following information for the month of Aug
Date
Transaction
Units
Unit cost
Aug 1
Beginning
400
10
12
Purchase
600
12
16
Sales
500
18
Purchase
300
15
22
Sales
200
29
Purchase
400
14
30
Sale
400
Transcribed Image Text:ABC Co. a wholesaler has the following information for the month of Aug Date Transaction Units Unit cost Aug 1 Beginning 400 10 12 Purchase 600 12 16 Sales 500 18 Purchase 300 15 22 Sales 200 29 Purchase 400 14 30 Sale 400
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