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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 3,900,00O 2. P 5,100,000 3. P 6,100,000 4. none of the above

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
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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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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