COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
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The data given below relate to material abc used by Mang Oca Shoe Factory Inc:Beginning balance 480 at P4.80 eachPurchases 600 at P4.90 eachIssuance 175Issuance 225Issuance 280Purchase 400 at P4.95 eachIssuance 310Returned materials from 280units issuance is 20 unitsWhat is the cost of ending inventory using the moving average costing method?
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P2, 499.59
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P2, 450.59
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P2, 459.60
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P2, 949.60
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Explanation:
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