Napaka CUTE Mohpoh Corp. shows the following amounts in the cost of goods sold statement and...
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Napaka CUTE Mohpoh Corp. shows the following amounts in the cost of goods sold statement and income statement for the year 2017 Materials Work-in-process Finished goods Materials used Cost of goods sold Cost of goods manufactured Total manufacturing costs Required: January 1, 2017 P 100.000 80.000 1. Work in process. Jan. 1, 2017 Finished goods, Dec. 31. 2017 3. Amount of materials purchased in 201 P 590.000 750.000 800.000 790.000 December 31, 2017 P150,000 87.000 Napaka CUTE Mohpoh Corp. shows the following amounts in the cost of goods sold statement and income statement for the year 2017 Materials Work-in-process Finished goods Materials used Cost of goods sold Cost of goods manufactured Total manufacturing costs Required: January 1, 2017 P 100.000 80.000 1. Work in process. Jan. 1, 2017 Finished goods, Dec. 31. 2017 3. Amount of materials purchased in 201 P 590.000 750.000 800.000 790.000 December 31, 2017 P150,000 87.000
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1 Work in process Jan 1 2017 is P100000 This is the amount of work in process at the beginning of th... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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