Data taken from books of MAD Inc. for the year ended Dec. 31, 2018 are as : Decrease in Direct Materials P15,000 Direct Materials purchased Increase in Finished Goods Freight-out Direct Labor payroll Factory Overhead Work in Process 35,000 45,000 C. P950,000 D DO60.000 430,000 200,000 300,000 10,000 There was no work in process inventory at January 1. The cost of goods sold for 2018 must be E. answer not given A. P900,000 D 0010.000
Data taken from books of MAD Inc. for the year ended Dec. 31, 2018 are as : Decrease in Direct Materials P15,000 Direct Materials purchased Increase in Finished Goods Freight-out Direct Labor payroll Factory Overhead Work in Process 35,000 45,000 C. P950,000 D DO60.000 430,000 200,000 300,000 10,000 There was no work in process inventory at January 1. The cost of goods sold for 2018 must be E. answer not given A. P900,000 D 0010.000
Chapter1: Financial Statements And Business Decisions
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