Woodworks Company deals in furniture and uses periodic inventory system. The following transaction occurred during the...

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Woodworks Company deals in furniture and uses periodic inventory system. The following transaction occurred during the month of March, 2014. a. b. C. d. No. of Chairs Unit Cost Total 100 P4,000 50 2,100 75 3,375 Augil to 225 9,475 rate Date Description 1-Mar-14 Opening Inventory 15-Mar-14 20-Mar-14 New Purchases New Purchases Total FIFO LIFO Moving average cost Weighted average cost P40 42 45 The Company sold 200 chairs in March 2014. Required: Compute ending inventory and cost of goods sold under each of the following methods. Eading. 10. 0 O 25 = 1,125 beg lau + Purchasej! COGS quallabele for cale he Wind nás to a Woodworks Company deals in furniture and uses periodic inventory system. The following transaction occurred during the month of March, 2014. a. b. C. d. No. of Chairs Unit Cost Total 100 P4,000 50 2,100 75 3,375 Augil to 225 9,475 rate Date Description 1-Mar-14 Opening Inventory 15-Mar-14 20-Mar-14 New Purchases New Purchases Total FIFO LIFO Moving average cost Weighted average cost P40 42 45 The Company sold 200 chairs in March 2014. Required: Compute ending inventory and cost of goods sold under each of the following methods. Eading. 10. 0 O 25 = 1,125 beg lau + Purchasej! COGS quallabele for cale he Wind nás to a

Answer rating: 100% (QA)

a FIFO FirstInFirstOut Method Cost of Goods Available for Sale 100 chairs P40 per chair 50 chairs P4... View the full answer