The B Company provides the following data for 2016: Beginning Ending Inventories: Raw Materials P12.000 P13.500 Work in Process 15.100 17.600 21.200 Finished Goods 19,500 Operating Data: Cost of Goods Manufactured 151.700 Direct Labor Cost 50,000 Factory overhead cost (utilities only) 62.500 Indirect Material cost 5,000 Consisting the both direct and indirect materials The cost of materials purchases for 2016 is O P36,700 O P43.200 O P33.200 O P38.200

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 5PA: Statement of cost of goods manufactured and income statement for a manufacturing company The...
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The B Company provides the following data for 2016:
Beginning
Ending
Inventories:
Raw Materials
P12.000
P13.500
Work in Process
15.100
17.600
Finished Goods
19,500
21.200
Operating Data:
Cost of Goods Manufactured
151,700
Direct Labor Cost
50,000
Factory overhead cost (utilities only)
62.500
Indirect Material cost
5,000
Consisting the both direct and indirect materials
The cost of materials purchases for 2016 is
O P36,700
O P43,200
O P33.200
O P38,200
Transcribed Image Text:The B Company provides the following data for 2016: Beginning Ending Inventories: Raw Materials P12.000 P13.500 Work in Process 15.100 17.600 Finished Goods 19,500 21.200 Operating Data: Cost of Goods Manufactured 151,700 Direct Labor Cost 50,000 Factory overhead cost (utilities only) 62.500 Indirect Material cost 5,000 Consisting the both direct and indirect materials The cost of materials purchases for 2016 is O P36,700 O P43,200 O P33.200 O P38,200
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