The following were taken from the books of Marvin Company. The company uses the FIFO method for costing inventories. January 1 March 31 Raw materials Work in process Finished goods P 268,000 0 43,000 (100 units) P 167,000 0 ? (200 units) Raw materials purchased Direct labor Factory overhead Sales P 1,946,700 2,125,800 764,000 12,400 units @ P535

8.The number of units manufactured is a. 11,900 b. 12,000 c. 12,500 d. 15,200

9. Refer to No. 8. The cost of goods manufactured per unit is a. P 300 b. P 350 c. P 395 d. P 420

10.Refer to No. 8. The cost of goods sold is a. P4,091,500 b. P4,109,500 c. P4,901,500 d. P4,910,500

10. Refer to No. 8. The cost of goods sold is a. P4,091,500 b. P4,109,500 c. P4,901,500 d. P4,910,500