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Want to check if my answers are correct so please help me. Thank you so much for answering! Sales is P250,000, gross profit rate is
Want to check if my answers are correct so please help me. Thank you so much for answering!
Sales is P250,000, gross profit rate is 18% of sales, net income is 3.5% of sales, finished goods ending balance is P75,000 which is 20% less than finished goods beginning balance, work-in-process beginning balance is P47,000, total prime costs is P120,000, total conversion costs is P150,000, manufacturing overhead is applied at 50% of direct labor cost, cost of raw materials purchases is P50,000, and raw materials ending balance is P30,000 a. How much is cost of sales? b. How much is operating expenses? C. How much is cost of goods available for sale? d. How much is cost of goods manufactured? e. How much is direct labor cost? f. How much is total manufacturing costs? g. How much is work-in-process ending balance? h. How much is cost of goods placed into process? i. How much is cost of direct materials used? j. How much is raw materials beginning balanceStep by Step Solution
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