The following information has been extracted from the records of Marie Company about one of its products: Units Unit Cost Total Cost Jan. 1 Beg. balance 10,000 150 P1,500,000 Jan. 5 Purchase 10,000 180 1,800,000 Jan. 15 Sale 15,000 Jan. 16 Sales return 1,000 Jan. 25 Purchase 4,000 200 800,000 Jan. 26 Purchase return 500 200 100,000 Compute for the cost of ending inventory and cost of goods sold in the following method: * FIFO Method *perpetual average method *periodic method

The following information has been extracted from the records of Marie Company about one of its products: Units Unit Cost Total Cost Jan. 1 Beg. balance 10,000 150 P1,500,000 Jan. 5 Purchase 10,000 180 1,800,000 Jan. 15 Sale 15,000 Jan. 16 Sales return 1,000 Jan. 25 Purchase 4,000 200 800,000 Jan. 26 Purchase return 500 200 100,000 Compute for the cost of ending inventory and cost of goods sold in the following method: * FIFO Method perpetual average method periodic method

Name: The following information has been extracted from the records of Marie
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Description: The following information has been extracted from the records of Marie Company about one of itsproducts:Units Unit Cost Total CostJan. 1 Beg. balance 10,000 150 P1,500,000Jan. 5 Purchase 10,000 180 1,800,000Jan. 15 Sale 15,000Jan. 16 Sales return 1,0

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 15MCQ: Use the following information for Multiple- Choice Questions 2-13 through 2-18: Last year, Barnard...

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