Question
JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventory P320,000 Work in process inventory 400,000 Finished goods inventory 350,000
JYD Manufacturing Company showed the following information as of June 1, 2020;
Raw materials inventory P320,000 Work in process inventory 400,000 Finished goods inventory 350,000
During the month of June, the following were incurred Materials purchased P170,000 Materials used 200,000 Direct labor 400.000 Factory Overhead 210,000
After reviewing the quantities on hand, ending inventories were: Work in process inventory 280,000 Finished goods inventory 430,000
1. What is the raw materials inventory as of June 30, 2020? 2. What is the total cost of goods manufactured during the month? 3. What is the total cost of goods available for sale? 4. How much was the Cost of goods sold?
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