The following information is taken from the records of the SBU Manufacturing Company for the first...
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The following information is taken from the records of the SBU Manufacturing Company for the first quarter of 2019 Raw materials inventory aWork in process inventory Finished goods inventory. Direct labor Jan. 1, 2018 P 32,200 38,500 44,600 Factory overhead cost Cost of goods sold 22. The cost of goods manufactured during the first quarter was 24. The cost of raw materials used was 23. The total cost of goods placed in process was March 31, 2018 P 34,100 33,050 48,800 254,000 236,900 678.300 The following information is taken from the records of the SBU Manufacturing Company for the first quarter of 2019 Raw materials inventory aWork in process inventory Finished goods inventory. Direct labor Jan. 1, 2018 P 32,200 38,500 44,600 Factory overhead cost Cost of goods sold 22. The cost of goods manufactured during the first quarter was 24. The cost of raw materials used was 23. The total cost of goods placed in process was March 31, 2018 P 34,100 33,050 48,800 254,000 236,900 678.300
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To answer these questions well use the following formulas Cost of Goods Manufactured COGM Direct Materials Used Direct Labor Factory Overhead Total Co... View the full answer
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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