FINANCIAL ACCOUNTING AND REPORTING The following information is available for Nics Company. March 1 March 31 Raw materials inventory P12,000 P10,000 Work in process inventory 2,500 4,000 Materials purchased in March P90,000 Direct labor in March 75,000 Manufacturing overhead in March 220,000 Requirement: Prepare the cost of goods manufactured schedule for March 2X20.
FINANCIAL ACCOUNTING AND REPORTING The following information is available for Nics Company. March 1 March 31 Raw materials inventory P12,000 P10,000 Work in process inventory 2,500 4,000 Materials purchased in March P90,000 Direct labor in March 75,000 Manufacturing overhead in March 220,000 Requirement: Prepare the cost of goods manufactured schedule for March 2X20.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Question
The following information is available for Nics Company.
|
March 1 |
March 31 |
Raw materials inventory |
P12,000 |
P10,000 |
Work in process inventory |
2,500 |
4,000 |
Materials purchased in March |
P90,000 |
|
Direct labor in March |
75,000 |
|
Manufacturing overhead in March |
220,000 |
Requirement: Prepare the cost of goods manufactured schedule for March 2X20.
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