Solution-Compute for the cost of goods sold

Compute for the cost of goods sold

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Reference no: EM132924047

Question - The inventory stock card of Beth Corporation on January 2021 is as follows:

	Purchase Price	Purchase Units	Sold Units Balance
Jan 01	P110	10,000	10,000
Jan 15	5,000	5,000
Jan 18	115	15,000	20,000
Jan 20	120	500	20,500
Jan 30	15,500	5,000

Each unit is sold at P150.

Required - Compute for the cost of goods sold, ending inventories and the gross profit using (a) Moving average method, (b) simple average method, and (c) FIFO method.

Reference no: EM132924047

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Compute for the cost of goods sold

Reference no: EM132924047

Reference no: EM132924047

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