During the year 2009, there was no change either in the Raw Materials or the Work in Process beginning and ending inventories. However, Finished Goods Inventory on January 1 of P50,000 had increased by P30,000 on December 31. Total Manufacturing Costs amounted to P120,000. How much is the Cost of Goods Available for Sale?

During the year 2009, there was no change either in the Raw Materials or the Work in Process beginning and ending inventories. However, Finished Goods Inventory on January 1 of P50,000 had increased by P30,000 on December 31. Total Manufacturing Costs amounted to P120,000. How much is the Cost of Goods Available for Sale?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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