Last month, a manufacturing firm had the following results: Beginning finished goods inventory = ₱216,000; Ending finished goods inventory = ₱198,000; Sales = ₱1,395,000; and Gross Margin = ₱264,000. The cost of goods manufactured for the month would be? a. ₱ 1,131,000 b. ₱ 954,000 c. ₱ 246,000 d. ₱ 1,377,000 e. ₱ 1,149,000 f. ₱ 1,113,000
Last month, a manufacturing firm had the following results: Beginning finished goods inventory = ₱216,000; Ending finished goods inventory = ₱198,000; Sales = ₱1,395,000; and Gross Margin = ₱264,000. The cost of goods manufactured for the month would be? a. ₱ 1,131,000 b. ₱ 954,000 c. ₱ 246,000 d. ₱ 1,377,000 e. ₱ 1,149,000 f. ₱ 1,113,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Last month, a manufacturing firm had the following results: Beginning finished goods inventory = ₱216,000; Ending finished goods inventory = ₱198,000; Sales = ₱1,395,000; and Gross Margin = ₱264,000. The cost of goods manufactured for the month would be?
a. ₱ 1,131,000
b. ₱ 954,000
c. ₱ 246,000
d. ₱ 1,377,000
e. ₱ 1,149,000
f. ₱ 1,113,000
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