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Determine the value of ending inventory

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Reference no: EM133013881

Problem - Orion Company provided the following transactions relating to its raw materials - inventory during the month of September:

Quantity Unit Cost Total

Sept. 1 Beginning balance 300 P12 P3,600

Sept. 3 Purchase from supplier 200 13 2,600

Sept. 9 Issued to production 150

Sept. 16 Purchase from supplier 300 14 4,200

Sept. 18 Issued to production 350

Sept. 21 Purchase from supplier 300 15 4,500

Sept. 23 Issued to production 400

Sept. 26 Issued to production 50

Sept. 28 Purchase from supplier 200 16 3,200

Required - Determine the value of ending inventory and materials used under the following methods:

a. FIFO - periodic

b. FIFO - perpetual

c. Weighted Average

d. Moving Average

Reference no: EM133013881

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