Question: Problem 5 The following information was provided by Emblem Co.: a. Sales for the month of June totaled 286,000 units. b. The following purchases were

Problem 5 The following information was provided by Emblem Co.: a.

Problem 5 The following information was provided by Emblem Co.: a. Sales for the month of June totaled 286,000 units. b. The following purchases were made in June: June 4 8 Quantity P50,000 62,500 75,000 70,000 Unit cost P13.00 12.50 12.00 12.40 11 24 C. There were 108,500 units on hand on June 1 with a total cost of P1,450,000. Emblem uses a periodic FIFO costing system. The company's gross profit for June was P2,058,750. 13. How many units were on hand on June 30? 14. How much is the cost of goods sold in June? 15. How much is the average selling price of each unit sold in June

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