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West Virginia Company reported a net income of P55,500 for the period just ended. The goods available for sale was P259,500 of which P237,000 come
West Virginia Company reported a net income of P55,500 for the period just ended. The goods available for sale was P259,500 of which P237,000 come from goods produced during the current period. a) Change in finished goods inventory assuming the finished goods at the end of the period is P22,000. b) Gross profit assuming sales for the period is P337,500 and sales discounts were reported to be P7,500
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