ANC reported the following data: Beginning inventory, 500 units at P2.40 each. Purchased on January 7, 2020: 1,000 units at P3.00 each. Sold 1,200 units. Using FIFO, what is the amount of inventory on January 31?*

ANC reported the following data: Beginning inventory, 500 units at P2.40 each. Purchased on January 7, 2020: 1,000 units at P3.00 each. Sold 1,200 units. Using weighted average method, what is the amount of cost of goods sold?*

ANC Company had the following transactions: Beginning inventory, 200 at P5 per unit; purchased on January 15, 2020, 100 at P5.30; purchased on January 28, 2020, 100 at P5.50. On January 20, 2020, 250 units were sold. Using moving average method, what is the cost of goods sold?*

ANC Company had the following transactions: Beginning inventory, 200 at P5 per unit; purchased on January 15, 2020, 100 at P5.30; purchased on January 28, 2020, 100 at P5.50. On January 20, 2020, 250 units were sold. Using moving average method, what is the average cost per unit? Show answer until two decimal place.*

Using the details below, compute for the cost of goods sold using the conservative retail.

Cost Retail Beginning inventory 340,000 640,000 Purchases 4,500,000 7,300,000 Freight in 100,000 Purchase return 150,000 250,000 Purchase allowance 90,000 Departmental transfer in 100,000 160,000 Net markup 150,000 Net markdown 500,000 Sales 6,600,000 Sales allowance 50,000 Employee discount 100,000 Spoilage and breakage 200,000The following information is available for the current year: Cost Retail Beginning inventory 650,000 1,200,000 Purchases 9,000,000 14,700,000 Freight in 200,000 Purchase returns 300,000 500,000 Purchase allowances 150,000 Departmental transfer in 200,000 300,000 Net markup 300,000 Net markdown 1,000,000 Sales 9,500,000 Sales discounts 100,000 Employee discounts 500,000 Estimated normal shoplifting losses 600,000 Estimated normal shrinkage 400,000