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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

FINANCIAL ACCOUNTING
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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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
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
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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