The accounting records for 2022 of Natural Co. showed the following:  Increase in raw materials inventory, P45,000;  Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000;  Direct labor payroll, P600,000; Factory overhead, P900,000;  Decrease in work in process inventory, P80,000.  How much is the cost of goods manufactured?

Principles of Accounting Volume 2
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ISBN:9781947172609
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Chapter5: Process Costing
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Problem 6EB: What are the total costs to account for if a companys beginning inventory had $23,432 in materials...
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The accounting records for 2022 of Natural Co. showed the following:  Increase in raw materials inventory, P45,000;  Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000;  Direct labor payroll, P600,000; Factory overhead, P900,000;  Decrease in work in process inventory, P80,000. 

How much is the cost of goods manufactured?

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