Job in Process, January 1, 2020: Direct Materials Labor 40,000 60,000 30,000 30,000 40,000 20,000 Factory Overhead Costs added during 2020: Materials Labor 20,000 100,000 10,000 200,000 ? Factory Overhead ? Additional information: 1. Actual overhead for the year 2020 amounted to P350, Johs No. 191 and 102 were completed and transferre
Job in Process, January 1, 2020: Direct Materials Labor 40,000 60,000 30,000 30,000 40,000 20,000 Factory Overhead Costs added during 2020: Materials Labor 20,000 100,000 10,000 200,000 ? Factory Overhead ? Additional information: 1. Actual overhead for the year 2020 amounted to P350, Johs No. 191 and 102 were completed and transferre
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. What is the total
2. What is the cost of goods manufactured for 2020
3. What is the cost of goods sold for 2020
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