Migo had the following transactions for the month: Sale of hogfeeds P300,000 Sale of specialty feeds for

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Migo had the following transactions for the month:

Sale of hogfeeds P300,000

Sale of specialty feeds for pets 200,000

Sale of fertilizers 100,000

Purchase of raw materials for the formulation of hogfeeds 150,000

Purchase of raw materials for the formulation of specialty feeds 100,000

Importation of raw materials for the formulation of fertilizers 50,000

1. How much is the amount of output vat?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Posted Date: Feb 26, 2024 06:10 AM

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Migo had the following transactions for the month: Sale of hogfeeds P300,000 Sale of specialty feeds for

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To calculate the output VAT Value Added Tax for Migos transactions we need to determine the total ... View the full answer

Financial Accounting Tools for Business Decision Making

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