JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventory P320,000 Work in process inventory 400,000 Finished goods inventory 350,000 During the month of June, the following were incurred Materials purchased P170,000 Materials used 200,000 Direct labor 400.000 Factory Overhead 210,000 After reviewing the quantities on hand, ending inventories were: Work in process inventory 280,000 Finished goods inventory 430,000 How much was the Cost of goods sold?

JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventory P320,000 Work in process inventory 400,000 Finished goods inventory 350,000 During the month of June, the following were incurred Materials purchased P170,000 Materials used 200,000 Direct labor 400.000 Factory Overhead 210,000 After reviewing the quantities on hand, ending inventories were: Work in process inventory 280,000 Finished goods inventory 430,000 How much was the Cost of goods sold?

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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1. JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventory Work in process inventory Finished goods inventory Р320,000 400,000 350,000 During the month of June, the following were incurred Materials purchased P170,000 200,000 Materials used Direct labor 400.000 Factory Overhead After reviewing the quantities on hand, ending inventories were: 210,000 Work in process inventory Finished goods inventory 280,000 430,000 What is the raw materials inventory as of June 30, 2020? 2. .JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventory Work in process inventory Finished goods inventory Р320,000 400,000 350,000 During the month of June, the following were incurred Materials purchased P170,000 200,000 Materials used Direct labor 400.000 Factory Overhead After reviewing the quantities on hand, ending inventories were: 210,000 Work in process inventory Finished goods inventory 280,000 430,000 What is…
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4. JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventory Work in process inventory Finished goods inventory P320,000 400,000 350,000 During the month of June, the following were incurred Materials purchased P170,000 200,000 Materials used Direct labor 400.000 Factory Overhead After reviewing the quantities on hand, ending inventories were: 210,000 Work in process inventory Finished goods inventory 280,000 430,000 How much was the Cost of goods sold?
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