The cost of goods manufactured for March at JYD Company was P907,000. The following changes occurred in JYD Company inventory accounts during February:

Decrease in raw materials inventoryP24,000

Decrease in work in process inventory17,000

Increase in finished goods inventory38,000

How much was the Cost of Goods Sold?

 

Answer rating: 100% (QA)

To calculate the Cost of Goods Sold COGS we need to consider the chang... View the full answer