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The Jing Manufacturing Company uses a perpetual inventory system to control materials

Accounting

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The Jing Manufacturing Company uses a perpetual inventory system to control materials. Data relating to Material B-1 during March 2018 are given below:
March1: Balance, 150 units at P40.00 each.
6: Received 200 units at P40.50 each per Purchase Order 074.
12: Issued 225 units per Requisition 018.
14: Received 250 units at P41.00 each per Purchase Order 083.
17: Issued 200 units per Requisition 023.
31: Issued 40 units per Requisition 019.
Required: Enter the beginning balance in the Materials Ledger Card for each of the three inventory costing methods: FIFO, LIFO, and moving average method. Record each of the transactions on each of the materials ledger cards. Round unit costs to the nearest centavo under the moving average method.