On February 3, 20x2, Company A purchased 50 boxes of bond papers at $1,350 per...
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On February 3, 20x2, Company A purchased 50 boxes of bond papers at $1,350 per box. The supplier delivered the items on Feb 10, 20x2. Immediately after delivery, the company sold 30 boxes to Companies B and C. On February 20, 20x2, Company A purchased an additional 20 boxes, this time for $1,300 only per unit. Only 5 days after, Company A further purchased 15 boxes at $1,320 per unit. At the end of the month, the Company sold 25 boxes to Company D. What is the ending value of inventory at the end of February 20x2 using the weighted average cost method? (Roundoff Unit Cost and Total Cost to the nearest peso for every movement of Inventories).
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