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Finished goods, June 30: P 63,000, December 31: P 73,000) Work-in-process, June 30: P 12,000, December 31: P 18,000 Raw materials, June 30 P 57,000, December 31: P 17,000 What is Cost of Goods Sold? Please answer in whole number. Put comma as necessary. No need to add ".00" at the end. No need to add the currency.

Finished goods, June 30: P 63,000, December 31: P 73,000) Work-in-process, June 30: P 12,000, December 31: P 18,000 Raw materials, June 30 P 57,000, December 31: P 17,000 What is Cost of Goods Sold? Please answer in whole number. Put comma as necessary. No need to add ".00" at the end. No need to add the currency.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 1 The Lancer Manufacturing Company had the following data in its ledger for the six months ended December 31, 19X6. Raw materials purchased Factory supplies used Direct labor Indirect labor Power, heat and light Depreciation, machinery Depreciation, office building Inventories: 75,469 2,810 65,070 3,800 2,200 2,800 1,300 Finished goods, June 30: P 63,000, December 31: P 73,000 Work-in-process, June 30: P 12,000, December 31: P 18,000 Raw materials, June 30 P 57,000, December 31: P 17,000 What is Cost of Goods Sold? Please answer in whole number. Put comma as necessary. No need to add ".00" at the end. No need to add the currency.
Transcribed Image Text:Question 1 The Lancer Manufacturing Company had the following data in its ledger for the six months ended December 31, 19X6. Raw materials purchased Factory supplies used Direct labor Indirect labor Power, heat and light Depreciation, machinery Depreciation, office building Inventories: 75,469 2,810 65,070 3,800 2,200 2,800 1,300 Finished goods, June 30: P 63,000, December 31: P 73,000 Work-in-process, June 30: P 12,000, December 31: P 18,000 Raw materials, June 30 P 57,000, December 31: P 17,000 What is Cost of Goods Sold? Please answer in whole number. Put comma as necessary. No need to add ".00" at the end. No need to add the currency.
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