The follówing dāté wéré takén the records of Nestlé Philippines: 9/30/2011 8/31/201 entories: materials k in process hed goods Raw materials purchases, P46,000 Factory overhead, 75% of direct labor cost, P63,000. Selling and administrative expenses 12.5% of sales, P25,000 Net income for September, 2011, P25,000 t is the cost of raw materials inventory on August 31, 2011? 30,000 40,000 P50,000 80,000 60,000 ? 95,000 78,000 Ć. P46,000 D. P24,000

The follówing dāté wéré takén the records of Nestlé Philippines: 9/30/2011 8/31/201 entories: materials k in process hed goods Raw materials purchases, P46,000 Factory overhead, 75% of direct labor cost, P63,000. Selling and administrative expenses 12.5% of sales, P25,000 Net income for September, 2011, P25,000 t is the cost of raw materials inventory on August 31, 2011? 30,000 40,000 P50,000 80,000 60,000 ? 95,000 78,000 Ć. P46,000 D. P24,000

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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4. Cost of goods manufactured for the year. 5. Finished Goods Inventory on December 31.
The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material Labor Overhead $ 4 per unit 2 per unit 2 per unit Beginning inventory at these costs on July 1 was 3,150 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,300 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 13,600 units during the last six months of the year at $18 each, what is its gross profit? Answer is complete but not entirely correct. Gross profit $ 74,800x b. What is the value of ending inventory? Answer is complete but not entirely correct. Ending inventory S 12,800 x
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answer letter a to e.
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Give true calculation
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