VISTA DO 5. X Corporation transferred P72,000 of raw materials to its production department in February and incurred P37,000 of conversion cost (P22,000 of direct labor and P15,000 of overhead). At the beginning of the period P14,000 of inventory (material and conversion cost) was in process. At the end of the period P18,000 of inventory was in process. What was the cost of goods manufactured? a. P105,000 c. P109,000 Dorious b. P123,000 d. P141,000 (adapted)

VISTA DO 5. X Corporation transferred P72,000 of raw materials to its production department in February and incurred P37,000 of conversion cost (P22,000 of direct labor and P15,000 of overhead). At the beginning of the period P14,000 of inventory (material and conversion cost) was in process. At the end of the period P18,000 of inventory was in process. What was the cost of goods manufactured? a. P105,000 c. P109,000 Dorious b. P123,000 d. P141,000 (adapted)

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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