How much will be the cost of ending inventory

Assignment Help Cost Accounting

Reference no: EM132807051

Mika Corporation uses FIFO method to calculate the value of Inventory on hand on March 31 and cost of goods sold during March.

Mar

1 Beginning Inventory68 units @ P15.00 per unit
5 Purchase140 units @ P15.50 per unit
9 Sale94 units @ P19.00 per unit
11 Purchase40 units @ P16.00 per unit
16 Purchase78 units @ P16.50 per unit
20 Sale116 units @ P19.50 per unit

Sale62 units @ P21.00 per unit

Problem 1: Under periodic inventory method, how much will be the cost of the ending inventory?

Problem 2: Under periodic inventory method, how much is the cost per unit?

Problem 3: Under perpetual inventory method, how much will be the cost of ending inventory?

Reference no: EM132807051

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