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Answer the following problem shown in the pictures below and show...

Answer the following problem shown in the pictures below and show the solution

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Amiable Company provided the following data at year-end: Items counted in the bodega 3,900,000 Items in the receiving department, returned by customer, in good condition 50,000 Items ordered and in the receiving department, invoice not received 400,000 Items ordered, invoice received but the goods not received. Freight paid by 300,000 the seller Items shipped today, invoice mailed to the buyer, FOB shipping point 250,000 Items shipped today, invoice mailed to the buyer, FOB destination 150,000 Items currently being used for window display 200,000 Items on counter for sale 800,000 Items in receiving department, refused by us because of damage 180,000 Items included in count, damaged and unsalable 50,000 Items in the shipping department 250,000 Compute for the correct amount of inventory.

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Natal Company provided the following information: Materials 1,400,000 Advance for materials ordered 200,000 Goods in process 650,000 Advertising catalogs and shipping cartons 150,000 Finished goods in the factory 2,000,000 Finished goods in a company-owned retail store, including a 50% profit on cost 750,000 Finished goods in the hands of consignees, including 40% profit on sales 400,000 Finished goods in transit to customers, shipped FOB destination at cost 250,000 Finished goods out on approval, at cost 100,006 Unsalable finished goods, at cost 50,000 Office supplies 40,000 Materials in transit, shipped FOB shipping point, excluding freight of P30,000 330,000 Goods held on consignment, at sales price, cost P150,000 200,000 Compute for the correct amount of inventory.

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Luminous Company provided the following information at the current year-end: Finished goods in the storeroom, at cost including the overhead of P400,000 2,000,000 Finished goods in transit, including freight charge of P20,000, FOB shipping point 250,000 Finished goods held by salesmen, at selling price, at cost, P100,000 140,000 Goods in process, at cost 900,000 Materials 1,000,000 Materials in transit, FOB destination 50,000 Shipping supplies 20,000 Gasoline and oil for testing finished goods 110,000 Machine lubricants 60,000 Compute for the cost of inventory at year-end.

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Furlough Company began operations on January 1, 2020 with 10,000 units of Product B with a unit cost of P80. Purchases for the year follow: Lot No. Units Unit cost 2,000 100 8,000 110 6,000 120 9,500 130 14,500 140 The physical inventory reveals 15,000 units on hand on December 31, 2020. Compute the inventory on December 31 and cost of goods sold following each method listed below: Inventory Cost Flow Ending Inventory Cost of Goods Sold Specific Identification (Ending inventory is from Lot 3 - 6,000 & Lot 4 - 9,000) First in, first out (FIFO) Weighted average Last in, first out (LIFO)

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The records of Extreme Company showed the following: Units Unit cost Total cost January Beginning 10,000 60 600,000 April Purchase 18,000 50 900,000 October Purchase 22,000 40 880,000 The physical inventory reveals 15,000 units on hand on December 31, 2020. Compute the cost of ending inventory and cost of sales using: Inventory Cost Flow Ending Inventory Cost of Goods Sold First in, first out (FIFO) Weighted average Last in, first out (LIFO)

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Transactions of ABC Corporation for the month of January are as follows: Units Unit cost Beginning, Jan. 1 10,000 20 Purchases, Jan. 10 10,000 22 Sold, Jan. 15 15,000 Purchases, Jan. 18 5,000 23 Sold, Jan. 25 8,000 The company uses the perpetual inventory system. Determine the cost of inventory on January 31, 2020 and cost of goods sold under: Inventory Cost Flow Ending Inventory Cost of Goods Sold First in, first out (FIFO) Moving average Last in, first out (LIFO)

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DEF Company has the following inventory transactions for the month of February: Units Unit cost Beginning, Feb. 1 10,000 40 Purchases, Feb. 10 10,000 43 Sold, Feb. 15 15,000 Purchases, Feb. 18 5,000 44 Sold, Feb. 25 2,000 The company uses the perpetual inventory system. Determine the cost of inventory on February 29, 2020 and cost of goods sold under: Inventory Cost Flow Ending Inventory Cost of Goods Sold First in, first out (FIFO) Moving average Last in, first out (LIFO)

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GHI Company has the following inventory transactions for the month of March: Units Unit cost Beginning, Mar. 1 10,000 15 Purchases, Mar. 10 20,000 18 Sold, Mar. 15 15,000 Purchases, Mar. 18 5,000 23 Sold, Mar. 25 6,000 The company uses the perpetual inventory system. Determine the cost of inventory on March 31, 2020 and cost of goods sold under: Inventory Cost Flow Ending Inventory Cost of Goods Sold First in, first out (FIFO) Moving average Last in, first out (LIFO)

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