Question
A certain company incurred a total manufacturing cost of P130,000, distributed as follows: Direct Materials P60,000, Direct Labor P40,000, and factory overhead P30,000. At the
A certain company incurred a total manufacturing cost of P130,000, distributed as follows: Direct Materials P60,000,Direct Labor P40,000, and factory overhead P30,000. At the end of the period it was determined that the work in process increased by P20,000, while the finished goods decreased by P8,000. How much would be the cost of goods sold for the period?
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
