Question: 4 points for solution wer Problem 6: Inventory * The following data are extracted from the records of an entity relating to an inventory item:

4 points for solution wer Problem 6: Inventory * The following data are extracted from the records of an entity relating to an inventory item: Jan. 1 Beginning balance 10 Purchase 15 Sale 16 Sales returns 30 Purchase 31 Purchase returns Quantity 5,000 5,000 7,000 1,000 16,000 2.000 Unit Cost P200 250 150 150 Total Cost P1,000,000 1,250,000 2,400,000 300,000 5 points Under the perpetual inventory system, what is the moving average unit cost at January 31? Round off final answer to the nearest whole numbe Your answer Problem 5: Bay Leaf Trading 5 points

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