Problem 2 Mamufacturing Inventory Accounts. Assume the following information for Mandarin Manufacturing during 20XS: Raw materials inventory . Work-in-process inventory.. Finished goods inventory. Jan, 1, 20X5 Dec. 31, 20X5 P10,400 28,100 15,700 P14,600 31,300 12,500 ...... In addition, direct labor and manufacturing overhead totaled P364,600, and cost of goods manufactured equaled P461,200 in 20X5. Required: Calculate the correct amounts for raw materials purchased, raw materials used, and cost of goods sold for 20X5.

Problem 2 Mamufacturing Inventory Accounts. Assume the following information for Mandarin Manufacturing during 20XS: Raw materials inventory . Work-in-process inventory.. Finished goods inventory. Jan, 1, 20X5 Dec. 31, 20X5 P10,400 28,100 15,700 P14,600 31,300 12,500 ...... In addition, direct labor and manufacturing overhead totaled P364,600, and cost of goods manufactured equaled P461,200 in 20X5. Required: Calculate the correct amounts for raw materials purchased, raw materials used, and cost of goods sold for 20X5.

Name: Problem 2Manufacturing Inventory Accounts. Assume the following infor
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Description: Problem 2Manufacturing Inventory Accounts. Assume the following information forMandarin Manufacturing during 20X5:Raw materials inventoryWork-in-process inventory.Finished goods inventory.Jan. 1, 20X5 Dec. 31, 20X5P10,40028,10015,700P14,60031,30012,

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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