On March 31, 2021: Job #678 was the only job in process with accumulated costs of P3,000. During April the following costs were added to production: Job #678 P10,000 Job #679 P 15,000 Job #680 P 12,000 On April 30, 2021: Job #678 was completed and sold for P18,000. Job #679 was completed but not sold. Job #680 remains in production. What is finished goods inventory on April 30, 2021?
On March 31, 2021: Job #678 was the only job in process with accumulated costs of P3,000. During April the following costs were added to production: Job #678 P10,000 Job #679 P 15,000 Job #680 P 12,000 On April 30, 2021: Job #678 was completed and sold for P18,000. Job #679 was completed but not sold. Job #680 remains in production. What is finished goods inventory on April 30, 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On March 31, 2021:
Job #678 was the only job in process with accumulated costs of P3,000.
During April the following costs were added to production:
Job #678 P10,000
Job #679 P 15,000
Job #680 P 12,000
On April 30, 2021:
Job #678 was completed and sold for P18,000.
Job #679 was completed but not sold.
Job #680 remains in production.
What is finished goods inventory on April 30, 2021?
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