Activity#2 X ACTIVITY#2 X + W Document1 - Microsoft Word (... X L > C docs.google.com/forms/d/e/1FAlpOLSd6zAlKXF4garvJzEOWLSwugAhKkfLA-CAMiSpxkkQOXNVPtg/formResponse PROBLEM#3 100% + Alodia Sales Company uses the first-in, first-out method in calculating cost of goods sold for the three products that the company handles. Inventories and purchase information concerning the three products are given for the month of October. Product C Product P Product A Oct. 1 Inventory 50,000 units at 30,000 units 65,000 units P6.00 at P10.00 at P0.90 Oct. 1-15 Purchases 70,000 units at 45,000 units 30,000 units P6.50 at P10.50 at P1.25 Oct. 16-31 Purchases 30,000 units at P8.00 Oct. 1-31 Sales 105,000 units 50,000 units 45,000 units Oct. 31 Sales price P8.00/unit P11.00/unit P2.00/unit On October 31, the company's suppliers reduced their prices from the most recent purchase prices by the following percentages: product C, 20%; product P, 10%; product A, 8%. Accordingly, Alodia decided to reduce its sales prices on all items by 10%, effective November 1. Alodia's selling cost is 10% of sales price,. Products C and P have a normal profit (after selling costs) of 30% on sales prices, while the normal profit on product A (after selling cost) is 15% of sales price. Your answer W P X AGG ) :55 PM