Intermediate Accounting Inventories – Show Complete Solution and… Intermediate Accounting Inventories – Show Complete Solution and Explain:Question 33For Items 33 to 34Yellow Company is a school supplies wholesaler. The following is the activity for a product during the month of April:Image transcription textDate Balance/Transaction Units Cost April 1 Inventory 1,500 P25.00 6 Purchase 5,500 P28.50 14 Sales 4,00019 Purchase 3,200 P30.00 23 Sales 4,000 28 Purchase 1,800 P31.50… Show moreIf Yellow Company utilizes a FIFO perpetual inventory system, the product’s ending inventory on April 30 is reported as?Question 34If Yellow Company employs a Weighted Average periodic inventory system, the product’s ending inventory on April 30 is reported as?AccountingBusinessFinancial Accounting
