Jungkook Inc. uses the retail method of inventory. At the end of June, the records of the company provided the following information: Purchases during June: at cost, P3,800,000; at retail, P5,200,000. Sales during June: P4,800,000. Inventory June 1: at cost, P550,000; at retail, P820,000. Estimate the ending inventory for June under FIFO cost basis. * D 888,900 D 890,600 O 905,098 D 892,550

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A: In this numerical has covered the concept of Retail Method of Inventory Valuation

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A: Inventory valuation method includes: First in first out Last in first out Weighted average method…

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A:

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A:

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Q: how much is the ending inventory using the weighted average method?

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