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Diane Company has the following details for March. Cost of Direct Material used in production P21,000.00, Direct Labor P54,250.00, Factory Overhead P35,000.00, Work in Process inventory Feb 28 P92,750.00, Work in Process inventory March 31 P87,500.00, Finished goods inventory Feb 28 P36,750.00, Finished goods inventory March 31 P42,000.00. How much is the cost of goods sold     P105,000.00 P115,050.00 P110,250.00 P120,300.00

Diane Company has the following details for March. Cost of Direct Material used in production P21,000.00, Direct Labor P54,250.00, Factory Overhead P35,000.00, Work in Process inventory Feb 28 P92,750.00, Work in Process inventory March 31 P87,500.00, Finished goods inventory Feb 28 P36,750.00, Finished goods inventory March 31 P42,000.00. How much is the cost of goods sold     P105,000.00 P115,050.00 P110,250.00 P120,300.00

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
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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Diane Company has the following details for March. Cost of Direct Material used in production P21,000.00, Direct Labor P54,250.00, Factory Overhead P35,000.00, Work in Process inventory Feb 28 P92,750.00, Work in Process inventory March 31 P87,500.00, Finished goods inventory Feb 28 P36,750.00, Finished goods inventory March 31 P42,000.00. How much is the cost of goods sold
 
 
P105,000.00
P115,050.00
P110,250.00
P120,300.00
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