Problem 1 The XPTO Company is a manufacturing company that produces product A by converting raw...

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Problem 1 The XPTO Company is a manufacturing company that produces product A by converting raw material X. Consider the following information regarding year N: (i) Movements in raw material X Opening stocks Purchases 10.000 units at 20 /unit 5.000 units at 25 /unit Consumption 12.000 units (iii) Movements in finished goods Opening stocks Production Sales 1.000 units at 200 /unit 5.000 units 4.000 units (ii) Other manufacturing costs Depreciation of the production equipment: 70.000 Rent of the factory: 50.000 Direct labour costs: 420.000 Utilities expenses of the factory: 30.000 Manufacturing indirect labour costs: 250.000 Required: Compute the cost of goods manufactured (COGM) and the cost of goods sold (COGS) using as the method of inventory valuation: 1. First in, first out (FIFO); 2. Last in, first out (LIFO); 3. Weighted average cost (WAC). Problem 1 The XPTO Company is a manufacturing company that produces product A by converting raw material X. Consider the following information regarding year N: (i) Movements in raw material X Opening stocks Purchases 10.000 units at 20 /unit 5.000 units at 25 /unit Consumption 12.000 units (iii) Movements in finished goods Opening stocks Production Sales 1.000 units at 200 /unit 5.000 units 4.000 units (ii) Other manufacturing costs Depreciation of the production equipment: 70.000 Rent of the factory: 50.000 Direct labour costs: 420.000 Utilities expenses of the factory: 30.000 Manufacturing indirect labour costs: 250.000 Required: Compute the cost of goods manufactured (COGM) and the cost of goods sold (COGS) using as the method of inventory valuation: 1. First in, first out (FIFO); 2. Last in, first out (LIFO); 3. Weighted average cost (WAC).