Periodic Inventory System (FIFO)
Received (in) Issued (out)
Date Particulars Units Price Sub-Total Units Price
1-Jan Beg. Inventory 1,000 11 11,000
10-Jan Purchased, 8,000 units 8,000 12 96,000
15-Jan Issued, 8,500 units 8,500
25-Jan Purchased, 8,500 units 8,500 11.50 97,750
27-Jan Issued, 8,000 units 8,000
Total 17,500 204,750 16,500
The cost of materials used:
The ending inventory is:
The ending inventory in pesos is:
Periodic Inventory System (Weighted Average Method)
Received (in) Issued (out)
Date Particulars Units Price Sub-Total Units Price
1-Jan Beg. Inventory 1,000 11 11,000
10-Jan Purchased, 8,000 units 8,000 12 96,000
15-Jan Issued, 8,500 units 8,500
25-Jan Purchased, 8,500 units 8,500 11.50 97,750
27-Jan Issued, 8,000 units 8,000
Total 17,500 11.70 204,750 16,500 11.70
The cost of materials used:
The ending inventory is:
The ending inventory in pesos is:
Issued (out) Balance
Sub-Total Units Price Sub-Total
193,250 11,500
193,250
1,000
11,500
Method)
Balance
Sub-Total Units Price Sub-Total
193,250 1,000 11.70 11,700
193,250
1,000
11,700
Perpetual Inventory System (FIFO)
Received (in) Issued (out)
Date Particulars Units Price Sub-Total Units
1-Jan Beg. Balance
10-Jan Purchased, 8,000 units @ P12.00 8,000 12 96,000
15-Jan Issued, 8,500 units 1,000
7,500
8,500
25-Jan Purchased, 8,500 units @ P11.50 8,500 11.50 97,750
27-Jan Issued, 8,000 units 500
7,500
8,000
The cost of materials issued is:
The ending inventory unit is:
The ending inventory in pesos is:
Perpetual Inventory System (Moving Average Method)
Received (in) Issued (out)
Date Particulars Units Price Sub-Total Units
1-Jan Beg. Balance
10-Jan Purchased, 8,000 units @ P12.00 8,000 12 96,000
15-Jan Issued, 8,500 units 8,500
25-Jan Purchased, 8,500 units @ P11.50 8,500 12 97,750
27-Jan Issued, 8,000 units 8,000
The cost of materials issued is:
The ending inventory unit is:
The ending inventory in pesos is:
m (FIFO)
Issued (out) Balance
Price Sub-Total Units Price Sub-Total
1,000 11 11,000
8,000 12 96,000
9,000 107,000
11 11,000
12 90,000
101,000 500 12 6,000
500 12 6,000
8,500 11.50 97,750
9,000 103,750
12 6,000
11.50 86,250
92,250 1,000 11.50 11,500
193,250
1,000
11,500
Average Method)
Issued (out) Balance
Price Sub-Total Units Price Sub-Total
1,000 11 11,000
9,000 11.89 107,000
11.89 101,065 500 11.87 5,935
9,000 11.52 103,685
11.52 92,160 1,000 11.53 11,525
193,225
1,000
11,525
