Santoso’s beginning inventory and purchases during the year ended December 31, 29); were as follows: Unit Units Cost Total Cost January 1 Inventory 1,000 Rp50,000 Rp 50,000.00) March 10 Purchase 3,000 52,000 156,000.09 June 25 Sold 1,600 units ‘August 30 Purchase 2,600 55,000 143,000,000 October 5 Sold 4,000 units November 26 Purchase 1,000 57,680 57,680,000 December 31 Sold 800 units Total 7,600 Rp40v instructions Determine the cost of inventory on December 31, 2016, using the perpetual im 2 ventory system and each of the following inventory costing methods: a. first-in, first-out b. weighted average st of inventory on December 31, 2016, using the periodic inventory Determine the co: {the following inventory costing methods: system and each 0} a. first-in, first-out hb. weighted average Appendix: Assume that ch year ended December 31, 2016, sales were p530,000,000 and the ‘estimated gross profit rate was 36%, Estimate the endin; inventory at December 31, 2016, using the gross profit method 8 luring the fiscal