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The following were the information provided by UNIKELO retail: Purchases and Beginning Inventory • January 1, Inventory - 250 units @ P10.50 • March 7 - Purchases - 200 units @ P11.00 July 15 Purchases - 275 unites @ P11.75 July 20 - Purchase returns - 50 units @ P11.00 Sales

The following were the information provided by UNIKELO retail: Purchases and Beginning Inventory • January 1, Inventory - 250 units @ P10.50 • March 7 - Purchases - 200 units @ P11.00 July 15 Purchases - 275 unites @ P11.75 July 20 - Purchase returns - 50 units @ P11.00 Sales

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Inventories
Section: Chapter Questions
Problem 6.2BE: Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as...
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1. Assume instead, the Company uses the Moving Average method in the measurement of its inventories, how much would be the weighted average cost per unit of the sales made at May 20? (Round off the final answers to two decimal places)

Problem 2 The following were the information provided by UNIKELO retail: Purchases and Beginning Inventory January 1, Inventory - 250 units @ P10.50 • March 7 - Purchases - 200 units @ P11.00 July 15 - Purchases - 275 unites @ P11.75 July 20 - Purchase returns - 50 units @ P11.00 Sales May 20 - Sales 120 units @ P14.00 Selling price per unit • June 30 - Sales - 55 units @ P15.00 Selling price per unit Sept. 17 - Sales 250 units @ P16.00 Selling price per unit The Company uses the weighted average method in themeasurement of its inventories (Periodic).
Transcribed Image Text:Problem 2 The following were the information provided by UNIKELO retail: Purchases and Beginning Inventory January 1, Inventory - 250 units @ P10.50 • March 7 - Purchases - 200 units @ P11.00 July 15 - Purchases - 275 unites @ P11.75 July 20 - Purchase returns - 50 units @ P11.00 Sales May 20 - Sales 120 units @ P14.00 Selling price per unit • June 30 - Sales - 55 units @ P15.00 Selling price per unit Sept. 17 - Sales 250 units @ P16.00 Selling price per unit The Company uses the weighted average method in themeasurement of its inventories (Periodic).
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