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Determine the cost of sale and cost of ending inventory

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Question - Karen Company sells jackets for Php 30/each. The following data were taken from its record for the month of July:

Date Transaction Units Cost

July 3 Purchase 500 Php 15

July 10 Sale 300

July 17 Purchase 1,000 Php 17

July 20 Sale 600

July 23 Sale 300

July 30 Purchase 1,000 Php 20

Required - Determine the cost of sale and cost of ending inventory under the following methods:

a. FIFO (periodic)

b. FIFO (perpetual)

c. Weighted Average

d. Moving Average Method

Reference no: EM132865960

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