cost of goods sold for August
Alpha CD Corporation has the following sales
July, 4,000 units; August, 4,800 units; September, 5,600 units
Sales totaled 3,200 units in June. The June ending finished goods inventory was 800 units. End-of-month finished goods inventory levels are planned to be equal to 30 percent of the next month's planned sales. Records showed that each unit is budgeted at 2 pounds of materials costing P3 per pound. Direct labor was budgeted at 0.5 direct labor hours per unit at a wage of P20 per hour. Budgeted variable
The beginning finished inventory is valued at P31,320.
After preparing a finished goods inventory budget for August, what is the cost of goods sold for August?
- P104,400
- P109,620
- P67,860
- P140,940
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