#253 In preparing your journal/adjusting entries

In preparing your journal/adjusting entries - Accounting

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In preparing your journal/adjusting entries, use the following chart of accounts and choose the corresponding letter in making your entries:

PROBLEM A. Budang Company provided the following data about the inventory for December 2019

REQUIRED: To achieve uniformity in answers, round off all unit costs and peso figures to four (4) decimal places. Use the rounded off unit costs in your computations.

A1. What is the balance of ending inventory using the FIFO-periodic method?

A2. What is the balance of ending inventory using the weighted average-periodic method?

For items A3 to A9 (1 pt each) and A10 to A11 (2 pts each), using the weighted average-perpetual method, supply the missing figures:

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