Solution-Compute for the cost of goods sold

Compute for the cost of goods sold

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

Questions Cloud

Identify the best accounting model classification : Question - Identify the best accounting model classification(s) for each of the investments described above below (1) IFRS

Discuss the safety and effectiveness of alternative : Discuss the safety and effectiveness of alternative and complementary medicine for the treatment of specific illnesses such as cancer, diabetes

Two boss problem case study : Two boss problem case study

When and where is the problem most likely to occur : Although fewer teens are drinking and driving, How big is the problem? What contributes to the problem? When and where is the problem most likely to occur?

Compute for the cost of goods sold : Compute for the cost of goods sold, ending inventories and the gross profit using (a) Moving average method, (b) simple average method

Examine the case study through the dependency cycle model : Examine this case study through the dependency cycle model. The outer arrows show a progression through varying stages of dependency.

How do nursing and writing align together : How do nursing and writing align together? Think about the field in which you want to work in. How can writing help you and or the field?

Discuss importance of acknowledging nontraditional family : What is a definition of family that encompasses the different family structures prevalent today? Discuss the importance of acknowledging nontraditional family

Describe a relevant policy or practice in organization : Recommend one or more policy or practice changes designed to balance the competing needs of resources, workers, and patients.

User Account

All Pages

Compute for the cost of goods sold

Reference no: EM132924047

Reference no: EM132924047

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Calculate the minimum price per dose

Calculate incremental shares outstanding for sunland limited

The alpha company purchased 25 million of merchandise on

Briefly discuss how analysis of latours inventory turns over

Prepare a cost of production report

What amount did jozy withdraw

What pros and cons of making gift now instead of waiting

Explain the use of a quantity schedule

How much is net income

Eectricity costs are 1200 per month plus 08 per car

A calendar year corporation has an election under

Journalize the transactions in the general journal

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT