he closing raw materials inventory of Sunuco Manufacturing Company amounted to P345, 000 at December 31, 2018. This total includes an item of raw material (material Sun) with a cost of P100,000 with an estimate net realizable value of P80,000. Immediately after the balance sheet date, material Sun was applied to production and the cost of the finished product were material Sun was applied revealed that its net selling price exceeds the cost of producing the finished goods. As of December 31, 2018, what amount of raw materials inventory should Sunuco Manufacturing Company report?
he closing raw materials inventory of Sunuco Manufacturing Company amounted to P345, 000 at December 31, 2018. This total includes an item of raw material (material Sun) with a cost of P100,000 with an estimate net realizable value of P80,000. Immediately after the balance sheet date, material Sun was applied to production and the cost of the finished product were material Sun was applied revealed that its net selling price exceeds the cost of producing the finished goods. As of December 31, 2018, what amount of raw materials inventory should Sunuco Manufacturing Company report?
Chapter1: Financial Statements And Business Decisions
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The closing raw materials inventory of Sunuco Manufacturing Company amounted to P345, 000 at December 31, 2018. This total includes an item of raw material (material Sun) with a cost of P100,000 with an estimate net realizable value of P80,000. Immediately after the balance sheet date, material Sun was applied to production and the cost of the finished product were material Sun was applied revealed that its net selling price exceeds the cost of producing the finished goods.
As of December 31, 2018, what amount of raw materials inventory should Sunuco Manufacturing Company report?
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