70. The following account balance were taken from Entity C for the quarter ending March 31, 2021.10.16 * Inventories: January 1 March 31 Raw materials P120,000 P105,000 Work in process 250,000 275,000 Finished goods 170,000 290,000 Amortization of Trademark P 50,000 Depreciation - Factory Depreciation - Office 40,000 48,000 Direct Labor 308,000 Indirect Labor 45,000 Indirect Materials 65,000 Fright-In 5,000 110,000 25,000 How much is the total manufacturing cost? Purchases - Raw Materials Rent Expense - Factory A. P635,000 O B. P648,000 O C. P663,000 O D. P690,000
70. The following account balance were taken from Entity C for the quarter ending March 31, 2021.10.16 * Inventories: January 1 March 31 Raw materials P120,000 P105,000 Work in process 250,000 275,000 Finished goods 170,000 290,000 Amortization of Trademark P 50,000 Depreciation - Factory Depreciation - Office 40,000 48,000 Direct Labor 308,000 Indirect Labor 45,000 Indirect Materials 65,000 Fright-In 5,000 110,000 25,000 How much is the total manufacturing cost? Purchases - Raw Materials Rent Expense - Factory A. P635,000 O B. P648,000 O C. P663,000 O D. P690,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:70. The following account balance
were taken from Entity C for the
quarter ending March 31, 2021.10.16 *
Inventories:
January 1
March 31
Raw materials
P120,000
250,000
P105,000
Work in process
Finished goods
275,000
170,000
290,000
Amortization of Trademark
P 50,000
Depreciation - Factory
Depreciation - Office
40,000
48,000
308,000
45,000
65,000
Direct Labor
Indirect Labor
Indirect Materials
Fright-In
5,000
110,000
Purchases
- Raw Materials
Rent Expense - Factory
How much is the total manufacturing cost?
25,000
O A. P635,000
B. P648,000
O C. P663,000
O D. P690,000
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