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Compute for the cost of inventory value

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Reference no: EM132561001

Justin Manufacturing wants to compute for the inventory valuation of its raw materials. Below are the data for the month of June:

June 1 Balance 1, 000 @ P4.00

June 3 Issued 100

June 5 Purchased 500 @ P3.50

June 6 Issued 400

June 18 Purchased 500 @ P5.00

June 25 Issued 200

Question 1) Using FIFO method compute for the cost of ending Inventory Value

Question 2) Using FIFO method, compute for the cost of Materials Issued

Question 3) Using the moving average method compute for the cost of Inventory Value

Reference no: EM132561001

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