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Compute for the cost of materials issued

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

June 1 Balance 800 @ P4.00

June 3 Issued 50

June 5 Purchased 300 @ P4.50

June 6 Issued 250

June 15 Issued 400

June 18 Purchased 300 @ P5.00

June 25 Issued 250

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 weighted average method compute for the cost of Ending Inventory (round off the WAUC to 4 decimal places)

Question 4) Using weighted average method compute for the cost of Materials Issued (round off the WAUC to 4 decimal places)

Question 5) Using moving average method, compute for the cost of ending inventory (round off WAUC to 4 decimal places)

Question 6) Using moving average method, compute for the cost of Materials issued (round off WAUC to 4 decimal places)

Reference no: EM132560999

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