How much will be the cost of the ending inventory

Assignment Help Cost Accounting

Reference no: EM132774118

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 Inventory 68 units @ P15.00 per unit

5 Purchase 140 units @ P15.50 per unit

9 Sale 94 units @ P19.00 per unit

11 Purchase 40 units @ P16.00 per unit

16 Purchase 78 units @ P16.50 per unit

20 Sale 116 units @ P19.50 per unit

29 Sale 62 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: EM132774118

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