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What is the amount of inventory at january

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Problem 1: BSA Company had 12,000 units of product A on hand at January 1, costing P25 each. Purchases of product A during the month of January were: Jan 10 - 17,000 units at P24; Jan. 19 - 22,000 units at P23; Jan. 29 - 7,000 units at P25. A physical count on January 31 showed 22,000 units of product A on hand. What is the amount of inventory at January 31 under the simple average method?

Option 1: P550,000
Option 2: P526,900
Option 3: P520,000
Option 4: P520,740

Reference no: EM132822586

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