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73. The cost of goods sold can differ from the cost of goods manufactured because of changes in the level of * O A. Raw materials inventory O B. Finished goods inventory C. Total manufacturing cost O D. Work in process inventory

73. The cost of goods sold can differ from the cost of goods manufactured because of changes in the level of * O A. Raw materials inventory O B. Finished goods inventory C. Total manufacturing cost O D. Work in process inventory

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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73. The cost of goods sold can differ from the cost of goods manufactured because of changes in the level of * A. Raw materials inventory B. Finished goods inventory C. Total manufacturing cost D. Work in process inventory 74. Flor Company consumed P450,000 worth of direct materials during May, 2011. At the end of the month, the direct materials inventory of Flor was P25,000 lower than the May 1 inventory level. How much was the direct materials procured during May 2011 ? * A. P475,000 B. P375,000 O C. P425,000 O D. P400,000
Transcribed Image Text:73. The cost of goods sold can differ from the cost of goods manufactured because of changes in the level of * A. Raw materials inventory B. Finished goods inventory C. Total manufacturing cost D. Work in process inventory 74. Flor Company consumed P450,000 worth of direct materials during May, 2011. At the end of the month, the direct materials inventory of Flor was P25,000 lower than the May 1 inventory level. How much was the direct materials procured during May 2011 ? * A. P475,000 B. P375,000 O C. P425,000 O D. P400,000
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