Fill in the blanks.The inventory records of Machiatto Company in January 2020 show the following informationseachersBalance on January 1, 2020UnitsUnit costPurchases3,000P15.00Students01.06.202001.23.202010,20017.00Classes2,600Sales18.5001.07.20202,80001.31.20207.500ermediateFounting 10Compute the ending and cost of goods sold under the following cost formulasA1C LivingEnding InventoryCost of Geeds Seldthe IT Ereona Sem SY020-2021a FIFOb Weighted average - Periodic (Round to bwo decimals the unit cost)NCEPTUALAMEWORKANDCOUNTINGb Weighted average - Perpetual (always round to two decimals the unit cost)ANDARDSBSA 1CONOMIC( PreviousELOPMENTBSA1 CP Type here to search

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Description: Fill in the blanks.The inventory records of Machiatto Company in January 2020 show the following informationseachersBalance on January 1, 2020UnitsUnit costPurchases3,000P15.00Students01.06.202001.23.202010,20017.00Classes2,600Sales18.5001.07.20202,

FIFO is a method of valuing the inventories in which the goods purchased first are sold on a…

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The inventory records of Machiatto Company in January 2020 show the following informations Balance on January 1, 2020 Units Unit cost Purchases 3,000 P15.00 01.06.2020 01.23.2020 10,200 17.00 Sales 2,600 18.50 01.07.2020 2,800 01.31.2020 7.500 Compute the ending and cost of goods sold under the foltowing cost formulas Ending Inventory Cost of Geeds Seld a FIFO b Weighted average - Periodic (Round to fwo decimals the unit cost) Weighted average - Perpetual (always round to two decimais the unit cost).

The inventory records of Machiatto Company in January 2020 show the following informations Balance on January 1, 2020 Units Unit cost Purchases 3,000 P15.00 01.06.2020 01.23.2020 10,200 17.00 Sales 2,600 18.50 01.07.2020 2,800 01.31.2020 7.500 Compute the ending and cost of goods sold under the foltowing cost formulas Ending Inventory Cost of Geeds Seld a FIFO b Weighted average - Periodic (Round to fwo decimals the unit cost) Weighted average - Perpetual (always round to two decimais the unit cost).

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...

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