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Solve for the cost of goods sold to be debited on sale

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Reference no: EM132806756

Question - The following details of Merchandise Inventory for San Migs A Bottle Company were provided:

January 10 - Purchased 200 bottles for 5 pesos each

January 28 - Purchased 200 bottles for 3 pesos each

February 5 - Purchased 400 bottles for 4 pesos each

Given the following, solve for the Cost of Goods Sold to be debited on sale of 250 bottles during Feb 1 using:

1. FIFO method

2. Weighted Average/ Moving Average method

3. LIFO method

Reference no: EM132806756

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