The accounting records for 2022 of Natural Co. showed the following: Increase in raw materials inventory, P45,000; Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000; Direct labor payroll, P600,000; Factory overhead, P900,000; Decrease in work in process inventory, P80,000. How much is the cost of goods manufactured?
The accounting records for 2022 of Natural Co. showed the following: Increase in raw materials inventory, P45,000; Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000; Direct labor payroll, P600,000; Factory overhead, P900,000; Decrease in work in process inventory, P80,000. How much is the cost of goods manufactured?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The accounting records for 2022 of Natural Co. showed the following: Increase in raw materials inventory, P45,000; Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000; Direct labor payroll, P600,000; Factory
How much is the cost of goods manufactured?
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