1. The records of the Bulacan Stereo Company showed the following information for three months ending March 31, 2023: P1,946,700 Materials purchased Inventories, January 1, 2023 Finished goods (100 stereo sets) Materials Direct labor Factory overhead Marketing expenses General and administrative expenses Sales (12,400 stereo sets at 100% above product costs) 43,000 268,000 2,125,800 764,000 516,000 461,000 ?

1. The records of the Bulacan Stereo Company showed the following information for three months ending March 31, 2023: P1,946,700 Materials purchased Inventories, January 1, 2023 Finished goods (100 stereo sets) Materials Direct labor Factory overhead Marketing expenses General and administrative expenses Sales (12,400 stereo sets at 100% above product costs) 43,000 268,000 2,125,800 764,000 516,000 461,000 ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The data given below relate to Materials AAA used by Jose Company: Beginning balance, 480 at P4.80 each Purchase Order #30, 600 at P4.90 each Requisition #46, 175 Requisition #49, 225 Requisition #50, 280 Purchase Order #96, 400 at P4.95 each Requisition #52, 310 Returned materials report 24 (from requisition #50), 20What is the cost of ending inventory using the moving average costing method?a. P2,499.59b. P2,450.59c. P2,459.60d. P2,949.60
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