Determine the balance in PASTEL Company's finished goods inventory account at the end of August — using the given data of the company for the month of August: • Cost of goods manufactured P78,000 • Cost of goods sold_P82,000 • Total manufacturing costs_P90,000 • Cost of goods available for sale_P95,000
Determine the balance in PASTEL Company's finished goods inventory account at the end of August — using the given data of the company for the month of August: • Cost of goods manufactured P78,000 • Cost of goods sold_P82,000 • Total manufacturing costs_P90,000 • Cost of goods available for sale_P95,000
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 8E: The following data are taken from the general ledger and other records of Phoenix Products Co. on...
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Determine the balance in PASTEL Company's finished goods inventory account at the end of August — using the given data of the company for the month of August:
• Cost of goods manufactured P78,000
• Cost of goods sold_P82,000 • Total manufacturing costs_P90,000
• Cost of goods available for sale_P95,000
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