BFAR Company is using the normal costing system. Direct Materials on March 1 was P30,000 and P38,000 on March 31. The following additional manufacturing cost data were available for March: Direct materials purchased Direct labor Manufacturing overhead - applied Manufacturing overhead - actual Increase in Work in Process Inventory Decrease in Finished Goods Inventory P 84,000 60,000 80,000 85,000 30,000 40,000 Compute the Cost of Goods Sold under normal costing system.

Principles of Accounting Volume 2
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Chapter4: Job Order Costing
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Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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BFAR Company is using the normal costing system. Direct Materials on March 1 was P30,000 and P38,000 on March 31. The
following additional manufacturing cost data were available for March:
Direct materials purchased
Direct labor
Manufacturing overhead - applied
Manufacturing overhead - actual
Increase in Work in Process Inventory
Decrease in Finished Goods Inventory
P 84,000
60,000
80,000
85,000
30,000
40,000
Compute the Cost of Goods Sold under normal costing system.
Transcribed Image Text:BFAR Company is using the normal costing system. Direct Materials on March 1 was P30,000 and P38,000 on March 31. The following additional manufacturing cost data were available for March: Direct materials purchased Direct labor Manufacturing overhead - applied Manufacturing overhead - actual Increase in Work in Process Inventory Decrease in Finished Goods Inventory P 84,000 60,000 80,000 85,000 30,000 40,000 Compute the Cost of Goods Sold under normal costing system.
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