The following data were taken from the accounting records of Cooka Lamps, Inc Balance at January 1, 2020 5,000 lamps @ P30 Purchases: January 8, 2020 1,200 lamps @ P32P137,760 January 20, 2020 800 lamps @ P34 Sales: January 6, 2020 1,600 lamps January 14, 2021 1,020 lamps On January 31, 2020, it was determine by physical count that 4,200 lamps were on hand If Cooka Lamps uses a periodic inventory system, the cost of the inventory using the weighted average cost flow assumption at January 31, 2020 is Select one or more: P137,760 P129,360 P134,400 P130,968
The following data were taken from the accounting records of Cooka Lamps, Inc
Balance at January 1, 2020 5,000 lamps @ P30
Purchases: January 8,
2020 1,200 lamps @ P32P137,760
January 20, 2020 800 lamps @ P34
Sales: January 6, 2020 1,600 lamps
January 14, 2021 1,020 lamps
On January 31, 2020, it was determine by physical count that 4,200 lamps were on
hand
If Cooka Lamps uses a periodic inventory system, the cost of the inventory using the weighted average cost flow assumption at January 31, 2020 is
Select one or more:
P137,760
P129,360
P134,400
P130,968
Working
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
