Reference no: EM133014920
Question - 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
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