1. M Co., began operations on January 1 with 10,000 units of merchandise with unit cost of P80.

Purchases for the year follow: Lot No. Units Unit cost 1 2,000 100 2 8,000 110 3 6,000 120 4 9,500 100 5 14,500 90 The physical inventory reveals 15,000 units on hand on December 31. Required: Compute for the 1. Cost of ending inventory and 2. Cost of goods sold under the method listed below a. FIFO- periodic b. Weighted - periodic 2. The information below is taken from the records of R Co., on December 31 of the current year. Finished goods in storeroom, at cost including overhead of 400,000 2,000,000 Finished goods in transit, including freight charge of 20,000 FOB shipping point 250,000 Finished goods held by salesmen at selling price, cost 100,000 140,000 Goods in process, at cost of materials and direct labor 720,000 Compute cost of inventory on December 31 of the current year. 3. A Co., provided the following data at year end Items counted in the bodega Items included in the count specifically segregated per sales contract Items in receiving department, returned by customer, in good condition Items ordered and in the receiving department, invoice not received Items ordered, invoice received but goods not received. Freight is paid by seller Items shipped today, invoice mailed, FOB shipping point Items shipped today, invoice mailed, FOB destination Items currently being used for window display Items on counter for sale Items in receiving department, refused by us because of damage Items included in count, damaged and unsalable Items in the shipping department Compute the correct amount of inventory.

4,000,000 100,000 50,000 400,000 300,000 250,000 150,000 200,000 800,000 180,000 50,000 250,000

4. The inventory records of G Co. indicate that the purchases and sales for the month of March of the current year are as follows: Units Unit cost March 1 Beginning 1,000 270 6 Purchase 3,000 250 14 Purchase 6,000 280 25 Purchase 4,000 210 March 9 Sale 2,000 31 Sales 8,000 Assuming the entity uses perpetual system, compute the ending inventory and cost of goods sold under a. FIFO b. Moving average