The Cost of Goods Manufactured of Silver Corporation is P5,600,000. If the ending finished goods inventory was P5,000,000 and its beginning finished goods inventory was P4,500,000 what was the cost of goods sold for the year for Forrester? 1. P 3,900,00O 2. P 5,100,000 3. P 6,100,000 4. none of the above

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The Cost of Goods Manufactured of Silver Corporation is P5,600,000. If the
ending finished goods inventory was P5,000,000 and its beginning finished
goods inventory was P4,500,000 what was the cost of goods sold for the year
for Forrester?
1. P 3,900,000
2. P 5,100,000
3. P 6,100,000
4. none of the above
O 1
O 2
3
4
Transcribed Image Text:The Cost of Goods Manufactured of Silver Corporation is P5,600,000. If the ending finished goods inventory was P5,000,000 and its beginning finished goods inventory was P4,500,000 what was the cost of goods sold for the year for Forrester? 1. P 3,900,000 2. P 5,100,000 3. P 6,100,000 4. none of the above O 1 O 2 3 4
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