How much is the cost of goods sold using the normal costing system? odditional information: Actual factory oerhead Applied Factory overhead Direct Materials Used Cost of Goods Manufactured 1,080,000 1,125,000 1,425,000 3,862,500 c. P3,855,000 d. P3,817,500 a. P3,975,000
How much is the cost of goods sold using the normal costing system? odditional information: Actual factory oerhead Applied Factory overhead Direct Materials Used Cost of Goods Manufactured 1,080,000 1,125,000 1,425,000 3,862,500 c. P3,855,000 d. P3,817,500 a. P3,975,000
Chapter1: Financial Statements And Business Decisions
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(see the attached image below, kindly answer based on your knowledge. thank you!)

Transcribed Image Text:45. Johnson Corp. has the following data for the year 2030:
January 1
225,000
112,500
487,500
Direct Materials
Work in Process
Finished Goods
December 31
300,000
150,000
375,000
261

Transcribed Image Text:How much is the cost of goods sold using the normal costing system?
odditional information:
Actual factory oerhead
Applied Factory overhead
Direct Materials Used
Cost of Gooda Manufactured
1,080,000
1,125,000
1,425,000
3,862,500
a. P3,975,000
b. P3,930,000
c. P3,855,000
d. P3,817,500
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