The records of Mr. T. Nalupan show the following transactions on the common shares of stock of
Corolla Corporation which he held as investments:
May 1, 2019 Purchase of 500 shares at P51.00 per share.
July 5, 2019 Purchase of 600 shares at 52.00 per share.
September 30, 2019 Receipt of 25% stock dividend
December 20, 2019 Sale of 800 shares at P60.00 per share
Required: Compute the gain or loss on the sale of 800 shares using the:
a. Moving average method
b. First-in, first-out method
Mathbot Says...
I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.