ENYPHEN CORP. had 1,000 units of Product E on hand at August 1, costing P25 each. Sales and purchases of Product E during the month of August were as follows: DATE 8/5 8/9 8/15 SALES UNITS 450 210 (20) UNIT COST 57 54 57 A. 21,867 and 44,245 B. 21,867 and 46,422 C. 19,042 and 47,070 D. 19,042 and 47,718 DATE 8/2 8/25 8/26 PURCHASES UNITS 300 650 (15) UNIT COST 45.60 43.20 43.20 1. The cost of goods sold and the ending inventory balance using FIFO method shall be A. 16,000 and 66,112 B. 16,000 and 50,112 C. 19,042 and 47,070 D. 19,042 and 47,718 2. The cost of goods sold and the ending inventory balance using AVERAGE-PERIODIC method shall be A. 19,042 and 44,245 B. 19,042 and 47,070 C. 21,867 and 44,245 D. 21,867 and 46,422 3. The cost of goods sold and the ending inventory balance using AVERAGE-PERPETUAL method shall be

ENYPHEN CORP. had 1,000 units of Product E on hand at August 1, costing P25 each. Sales and purchases of Product E during the month of August were as follows: DATE 8/5 8/9 8/15 SALES UNITS 450 210 (20) UNIT COST 57 54 57 A. 21,867 and 44,245 B. 21,867 and 46,422 C. 19,042 and 47,070 D. 19,042 and 47,718 DATE 8/2 8/25 8/26 PURCHASES UNITS 300 650 (15) UNIT COST 45.60 43.20 43.20 1. The cost of goods sold and the ending inventory balance using FIFO method shall be A. 16,000 and 66,112 B. 16,000 and 50,112 C. 19,042 and 47,070 D. 19,042 and 47,718 2. The cost of goods sold and the ending inventory balance using AVERAGE-PERIODIC method shall be A. 19,042 and 44,245 B. 19,042 and 47,070 C. 21,867 and 44,245 D. 21,867 and 46,422 3. The cost of goods sold and the ending inventory balance using AVERAGE-PERPETUAL method shall be

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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