P2-3 Pink Company provided the following information as of May 31, 2015: P 900,000 Sales 300,000 Finished goods inventory, May 31 Goods in process inventory, May 31 Raw materials inventory, May 31 Finished goods inventory, May 1 Goods in process inventory, May 1 Raw materials inventory, May 1 Direct labor 350,000 280,000 200,000 310,000 250,000 150,000 Factory overhead 110,000 The average historical gross margin is 30% of sales. Required: Calculate the following: a. Total manufacturing costs Total raw materials used Total raw materials purchased b. C. ...- .

P2-3 Pink Company provided the following information as of May 31, 2015: P 900,000 Sales 300,000 Finished goods inventory, May 31 Goods in process inventory, May 31 Raw materials inventory, May 31 Finished goods inventory, May 1 Goods in process inventory, May 1 Raw materials inventory, May 1 Direct labor 350,000 280,000 200,000 310,000 250,000 150,000 Factory overhead 110,000 The average historical gross margin is 30% of sales. Required: Calculate the following: a. Total manufacturing costs Total raw materials used Total raw materials purchased b. C. ...- .

Name: P2-3 Pink Company provided the following information as of May 31, 20
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Description: P2-3 Pink Company provided the following information as of May 31, 2015:P 900,000Sales300,000Finished goods inventory, May 31Goods in process inventory, May 31Raw materials inventory, May 31Finished goods inventory, May 1Goods in process inventory,

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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