JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventoryP320,000 Work in process inventory 400,000 Finished goods inventory 350,000 During the month of June, the following were incurred Materials purchasedP170,000 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 What is the raw materials inventory as of June 30, 2020?
JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventoryP320,000 Work in process inventory 400,000 Finished goods inventory 350,000 During the month of June, the following were incurred Materials purchasedP170,000 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 What is the raw materials inventory as of June 30, 2020?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
JYD Manufacturing Company showed the following information as of June 1, 2020;
Raw materials inventoryP320,000
Work in process inventory 400,000
Finished goods inventory 350,000
During the month of June, the following were incurred
Materials purchasedP170,000
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
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 inventoryP320,000
Work in process inventory 400,000
Finished goods inventory 350,000
During the month of June, the following were incurred
Materials purchasedP170,000
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
What is the total cost of goods manufactured during the month?
3. JYD Manufacturing Company showed the following information as of June 1, 2020;
Raw materials inventoryP320,000
Work in process inventory 400,000
Finished goods inventory 350,000
During the month of June, the following were incurred
Materials purchasedP170,000
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
What is the total cost of goods available for sale?
4. JYD Manufacturing Company showed the following information as of June 1, 2020;
Raw materials inventoryP320,000
Work in process inventory 400,000
Finished goods inventory 350,000
During the month of June, the following were incurred
Materials purchasedP170,000
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?
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