Reference no: EM132797405

A company, at the beginning of its January 1 fiscal year, reported a beginning inventory of 300 units at a cost of P100 per unit. Over the first quarter, the company made the following purchases:

January 15 purchase of 100 units at a cost of P130 = P13,000

February 9 purchase of 200 units at a cost of P150 = P30,000

March 3 purchase of 150 units at a cost of P200 = P30,000

In addition, the company made the following sales:

End of February sales of 100 units

End of March sales of 70 units

Problem 1: Under perpetual inventory system, how much will be the ending inventory? (moving average method)

Problem 2: Under periodic inventory system, determine the weighted average cost per unit. (weighted average method)

Problem 3: What is the amount of the total goods available for sale using FIFO method

Problem 4: What is the amount of the ending inventory using FIFO method