Question: Beginning End Raw Materials P40,000 P20,000 Work in Process 60,000 30,000 Finished Goods - 50,000 The income statement shows a profit before tax of P25,000.
Beginning End
Raw Materials P40,000 P20,000
Work in Process 60,000 30,000
Finished Goods - 50,000
The income statement shows a profit before tax of P25,000.
The cost of goods sold for the period was 60% and the operating expenses was
30% of sales.
Required: Compute the following:
Cost of goods sold
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