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10 XOTIC Corp...incurred the following costs in October 2008: direct labor, P 120,000; factory overhead, P 108,000 and direct materials purchases, P 160,000. Inventories are as follows: Opening 27,000 P Closing 30,000 Finished goods Work in process P 61,500 57,500 Raw materials 37,500 43,500 The cost of goods manufactured was P 382,000 b P 386,000 P 388,000 P 443,500 a

10 XOTIC Corp...incurred the following costs in October 2008: direct labor, P 120,000; factory overhead, P 108,000 and direct materials purchases, P 160,000. Inventories are as follows: Opening 27,000 P Closing 30,000 Finished goods Work in process P 61,500 57,500 Raw materials 37,500 43,500 The cost of goods manufactured was P 382,000 b P 386,000 P 388,000 P 443,500 a

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hi kindly answer the no.10 question. Thank you.

10 XOTIC Corp., incurred the following costs in October 2008: direct labor, P 120,000; factory overhead, P 108,000 and direct materials purchases, P 160,000. Inventories are as follows: Opening 27,000 Closing Finished goods P 30,000 Work in process 61,500 57,500 Raw materials 37,500 43,500 The cost of goods manufactured was P 382,000 P 386,000 P 388,000 d. P 443,500 a
Transcribed Image Text:10 XOTIC Corp., incurred the following costs in October 2008: direct labor, P 120,000; factory overhead, P 108,000 and direct materials purchases, P 160,000. Inventories are as follows: Opening 27,000 Closing Finished goods P 30,000 Work in process 61,500 57,500 Raw materials 37,500 43,500 The cost of goods manufactured was P 382,000 P 386,000 P 388,000 d. P 443,500 a
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