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The Cost of Goods Sold in March for Raggae Rocks Co. wasP2,300,000. March 31 Work in Process Inventory was 40% of the March 1 Work
The Cost of Goods Sold in March for Raggae Rocks Co. wasP2,300,000. March 31 Work in Process Inventory was 40% of the March 1 Work in Process Inventory. Overhead was 225% of the direct labor costs. During March P 1,182,000 of direct materials was purchased.
Other March information were as follows:
Beginning
Ending
Raw materials
P30,000
P42,000
Work in process
P90,000
Finished goods
P125,000
P24,000
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