The following information were taken from the accounting records of BLUE Corporation for the year ended December 31, 2021: Decrease in finished goods inventory – P700,250; Increase in raw materials inventory – P368,000; Freight out – P520,000; Factory overhead - P6,000,000; Direct labor - P4,000,000; Raw materials purchased – P8,600,000; Freight in - P842,100. There was no work in process inventory at the beginning or at the end of the year.
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- The following information were taken from the accounting records of BLUE Corporation for the year ended December 31, 2021: Decrease in finished goods inventory - P700,250; Increase in raw materials inventory - P368,000; Freight out - P520,000; Factory overhead - P6,000,000; Direct labor - P4,000,000; Raw materials purchased - P8,600,000; Freight in - P842,100. There was no work in process inventory at the beginning or at the end of the year.The following information were taken from the accounting records of BLUE Corporation for the year ended December 31, 2021: Decrease in finished goods inventory - P700,250; Increase in raw materials inventory - P368,000; Freight out - 520,000; Factory overhead - 26,000,000; Direct labor - 24,000,000; Raw materials purchased - 28,600,000; Freight in - 2842,100. There was no work in process inventory at the beginning or at the end of the year. What is the cost of goods sold?The following information was taken from A Company’s accounting records for the current year: Decrease in raw materials – P500,000; Increase in goods in process inventory – P800,000; Decrease in finished goods inventory – P1,000,000; Raw materials purchased – P20,000,000; Direct labor payroll – P5,000,000; Factory overhead – P4,000,000; Freight out – P1,500,000; Freight in – P2,300,000 What is the cost of goods sold? [A] 32,000,000 [B] 33,500,000 [C] 30,000,000 [D] 30,600,000
- The accounting records for 2022 of Natural Co. showed the following: Increase in raw materials inventory, P45,000; Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000; Direct labor payroll, P600,000; Factory overhead, P900,000; Decrease in work in process inventory, P80,000. How much is the cost of goods manufactured?The accounting records for 2022 of Natural Co. showed the following: Increase in raw materials inventory, P45,000; Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000; Direct labor payroll, P600,000; Factory overhead, P900,000; Decrease in work in process inventory, P80,000. How much is the cost of goods sold?Freight in, P50,000; Freight out, P135,000. Decrease in work in process inventory, P80,000. ASTTAMTe TAO 3. The cost of raw materials used for the period amounted to IMA
- The following information are taken from Pineapple Co. accounting records for the current period: • Decrease in raw materials inventory- P500,000 • Direct labor payroll- P5,000,000 • Increase in goods in process inventory- P800,000 • Factory overhead- P4,000,000 • Decrease in finished goods inventory- P1,000,000 • Freight out- P1,500,000 • Raw materials purchased- P20,000,000 • Freight in- P2,300,000 What is the cost of goods sold for the current year?The following information are taken from Pineapple Co. accounting records for the current period: • Decrease in raw materials inventory- P500,000 • Direct labor payroll- P5,000,000 • Increase in goods in process inventory- P800,000 • Factory overhead- P4,000,000 • Decrease in finished goods inventory- P1,000,000 • Freight out- P1,500,000 • Raw materials purchased- P20,000,000 • Freight in- P2,300,000 What is the cost of goods sold for the current year? a. P32,000,000 b. P30,600,000 c. P33,500,000 d. P30,000,000The following account balances and other information were taken from the accounting records of TITAN Corporation for the year ended Dec. 31, 2021: Finished Goods, ending P 15,000; Work-in-Process, ending P 75,000; Raw Materials Inventory, ending 25,000; Net Purchases 120,000; Work-in-Process, beginning 25,000; Conversion Costs 180,000; Finished Goods, beginning 30,000; Prime Costs 245,000; Raw Materials Inventory, beginning 50,000; How much is total manufacturing cost of TITAN Corporation on Dec. 31, 2019 ?
- The following information was taken from UMAASA Company’s accounting records for the current year: Decrease in raw materials –500,000; Increase in goods in process inventory –800,000; Decrease in finished goods inventory –1,000,000; Raw materials purchased –20,000,000;Direct labor payroll –5,000,000; Factory overhead –4,000,000;Freight out –1,500,000; Freight in –2,300,000. What is the cost of goods sold? a.32,000,000 b. 30,000,000 c. 33,500,000 d. 30,600,000The following information was taken from ABC Company’s accounting records for the year ended December 31, 2003: Decrease in raw materials inventory, P500,000 Increase in goods in process inventory, P1,500,000 Increase in finished goods inventory, P1,000,000 Raw materials purchased, P20,000,000 Direct labor payroll, P5,000,000 Factory overhead, P3,000,000 Freight out, P2,000,000 Freight in, P2,500,000 The cost of goods sold isKim Company provided the following information for the current year: Increase in raw materials inventory - P150,000 Decrease in goods in process inventory - P200,000 Decrease in finished goods inventory - P350,000 Raw materials purchased - P4,300,000 Direct labor payroll - P2,000,000 Factory overhead - P3,000,000 Freight out - P450,000 Freight in P250,000 What is the cost of goods sold for the current year? A P9,250,000 B P9,550,000 P9,950,000 P9,150,000