Question: The data given below relate to Material XXX used by Jose Shoes Factory, Inc. Beginning balance Purchase Order 30 Requisition 46 Requisition 49 Requisition

The data given below relate to Material XXX used by Jose Shoes

The data given below relate to Material XXX used by Jose Shoes Factory, Inc. Beginning balance Purchase Order 30 Requisition 46 Requisition 49 Requisition 50 Purchase Order 96 Requisition 52 Returned Material Report 24 (from Requisition 50) 480 at P4.80 each 600 at P4.90 each 175 225 280 400 at P4.95 each 310 20 What is the cost of ending inventory using the FIFO costing method?

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