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.
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.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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