The following information was taken from Albemar Company for the year ended December 31, 2021: (refer to image) There was no work in process inventory at the beginning or end of the year. The cost of sales for the year is * Increase in raw materials inventory Decrease in finished goods inventory Raw materials purchased Direct manufacturing labor payroll Factory overhead Freight-out 1,500,000 3,500,000 43,000,000 20,000,000 30,000,000 4,500,000 a. P99,500,000 b. P95,000,000 c. P92,500,000 d. P88,000,000

The following information was taken from Albemar Company for the year ended December 31, 2021: (refer to image) There was no work in process inventory at the beginning or end of the year. The cost of sales for the year is * Increase in raw materials inventory Decrease in finished goods inventory Raw materials purchased Direct manufacturing labor payroll Factory overhead Freight-out 1,500,000 3,500,000 43,000,000 20,000,000 30,000,000 4,500,000 a. P99,500,000 b. P95,000,000 c. P92,500,000 d. P88,000,000

Name: The following information wastaken from Albemar Company forthe year e
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Description: The following information wastaken from Albemar Company forthe year ended December 31, 2021:(refer to image) There was no workin process inventory at thebeginning or end of the year. Thecost of sales for the year is *Increase in raw materials invent

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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