Jobs 1 and 2 had beginning balances amounting to 81,600 and 54,100 respectively. Total manufacturing costs for

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Jobs 1 and 2 had beginning balances amounting to ₱81,600 and ₱54,100 respectively. Total manufacturing costs for the period amounted to ₱82,900 of which 40% went to Job 1 and 60% went to Job 2.

If Job 2 was finished and shipped during the year, how much is the company’s cost of goods sold?

Choices

a. 164,500

b. 103, 840

c. 114760

d. 137000

Related Book For answer-question

Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: May 30, 2021 10:30 PM

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Jobs 1 and 2 had beginning balances amounting to 81,600 and 54,100 respectively. Total manufacturing costs for

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Expert Answer:

Option C is correct 114760 Manufacturing cost is the sum of costs ... View the full answer

Accounting Principles

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