odditional information: Actual factory overhead Applied Factory overhead Direct Materials Used Cost of Goods Manufactured 1,080,000 1,125,000 1,425,000 3,862,500 How much is the cost of goods sold if the variance is closed to cost of goods sold? a. P3,975,000 b. P3,930,000 c. P3,817,500 d. P4,020,000
odditional information: Actual factory overhead Applied Factory overhead Direct Materials Used Cost of Goods Manufactured 1,080,000 1,125,000 1,425,000 3,862,500 How much is the cost of goods sold if the variance is closed to cost of goods sold? a. P3,975,000 b. P3,930,000 c. P3,817,500 d. P4,020,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
(see the attached image below, kindly answer based on your knowledge. thank you!)
![odditional information:
Actual factory overhead
Applied Factory overhead
Direct Materials Used
Cost of Goods Manufactured
1,080,000
1,125,000
1,425,000
3,862,500
How much is the cost of goods sold if the variance is closed to cost of goods
sold?
a. P3,975,000
b. P3,930,000
c. P3,817,500
d. P4,020,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F09c6d6e5-7ea6-4fd3-87a1-ffe405aada9a%2F38399b38-f27d-4ba6-9652-89ff0f456753%2Foy5vlh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:odditional information:
Actual factory overhead
Applied Factory overhead
Direct Materials Used
Cost of Goods Manufactured
1,080,000
1,125,000
1,425,000
3,862,500
How much is the cost of goods sold if the variance is closed to cost of goods
sold?
a. P3,975,000
b. P3,930,000
c. P3,817,500
d. P4,020,000
![45. Johnaon Corp. has the following data for the year 2030:
Jamuary 1
225,000
112,500
487,500
December 31
300,000
150,000
375,000
Direct Materials
Work in Process
Finished Goods](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F09c6d6e5-7ea6-4fd3-87a1-ffe405aada9a%2F38399b38-f27d-4ba6-9652-89ff0f456753%2F7ly52yg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:45. Johnaon Corp. has the following data for the year 2030:
Jamuary 1
225,000
112,500
487,500
December 31
300,000
150,000
375,000
Direct Materials
Work in Process
Finished Goods
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