Question: Question 23 Items 23-24 are based on the following information - On November 1 of the current year, Star Boys Company recorded purchases of inventory

Question 23 Items 23-24 are based on theQuestion 23 Items 23-24 are based on theQuestion 23 Items 23-24 are based on theQuestion 23 Items 23-24 are based on the
Question 23 Items 23-24 are based on the following information - On November 1 of the current year, Star Boys Company recorded purchases of inventory of P1,000,000 and P1.600,000 under credit terms of 2/15, net 30 The payment due on the P1,000,000 purchase was remitted on November 16. The payment due on the P1,600,000 purchase was remitted on November 30: 23. Under the net method, these purchases should be included at what amount in the determination of cost of goods available for sale? 15 Question 24 24. Under the gross method, these purchases should be included at what amount in the determination of cost of goods available for sale?D Question 27 27. What is the cost of the ending inventory using the average method? (Round off unit cost up to two decimal places) D Question 28 28. What is the cost of goods sold using the average method? (Round off unit cost up to two decimal places)D Question 25 Animo Space Support ? 15 pts Items 25-28 are based on the following information - Amber Company used the perpetual inventory system. The entity reported the following inventory transactions for the month of June: June 1 Balance 1.500 units @ P30 14 Purchased 1,000 units @ P35 24 Purchased 500 units @ P40 8 . Sold 500 units @ P50 10 Sold 1,000 units @ P55 29 Sold 500 units @ P60 25. What is the cost of the ending inventory using the FIFO method?Question 26 26. What is the cost of goods sold using the FIFO method? D Question 27 27. What is the cost of the ending inventory using the average method? (Round off unit cost up to two decimal places)

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