Reference no: EM132706927
Don Company has the following in its inventory records:
February 15, 2019 purchases 200 units at Php 110
January 1, 2019 balance 100 units at Php 100
March 30, 2019 sale 150 units at Php 150
April 30, 2019 purchases 300 units at Php 105
June 15, 2019 purchases 200 units at Php 115
June 30, 2020 sale 100 units at Php 150
Problem 1: What are the number of units and the cost of the goods available for sale?
Problem 2: Assuming the LIFO periodic cost flow assumption, what will be the company's cost of goods sold for the March 30, 2019 sale of 150 items sold?
Problem 3: Assuming the FIFO periodic cost flow assumption, what will be the company's cost of goods sold for the June 30, 2020 sale of 100 items?
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