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Items 6 to 8 are based on the following data of Matatag Company for the ma March 2019: Materials Work in process Finished goods March 1 P 40,000 25,000 60,000 March 31 P 50,000 35,000 70,000 March 1 to 31, 2019 Direct labor cost Factory overhead applied Cost of goods sold 120,000 108,000 378,000 6. The total amount of direct materials purchased during March was: a. P 50,000 b. P170,000 C. P180,000 d. P220,000

Items 6 to 8 are based on the following data of Matatag Company for the ma March 2019: Materials Work in process Finished goods March 1 P 40,000 25,000 60,000 March 31 P 50,000 35,000 70,000 March 1 to 31, 2019 Direct labor cost Factory overhead applied Cost of goods sold 120,000 108,000 378,000 6. The total amount of direct materials purchased during March was: a. P 50,000 b. P170,000 C. P180,000 d. P220,000

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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Items 6 to 8 are based on the following data of Matatag Company for the mont! March 2019: Materials Work in process Finished goods March 1 P 40,000 25,000 60,000 March 31 P 50,000 35,000 70,000 March 1 to 31, 2019 Direct labor cost Factory overhead applied Cost of goods sold 120,000 108,000 378,000 6. The total amount of direct materials purchased during March was: a. P 50,000 b. P170,000 C. P180,000 d. P220,000
Transcribed Image Text:Items 6 to 8 are based on the following data of Matatag Company for the mont! March 2019: Materials Work in process Finished goods March 1 P 40,000 25,000 60,000 March 31 P 50,000 35,000 70,000 March 1 to 31, 2019 Direct labor cost Factory overhead applied Cost of goods sold 120,000 108,000 378,000 6. The total amount of direct materials purchased during March was: a. P 50,000 b. P170,000 C. P180,000 d. P220,000
7. The cost of goods manufactured during March, 2019 was: a. P378,000 b. P388,000 C. P398,000 d. P428,000
Transcribed Image Text:7. The cost of goods manufactured during March, 2019 was: a. P378,000 b. P388,000 C. P398,000 d. P428,000
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