The following data pertains to Omega company for the month of June 2014. Finished goods, June 1, 2014, P290,540 Finished goods, June 30, 2014, P276,760 Cost of goods manufactured, P805,820 Recovery from write-down, P10,720 Determine the cost of goods sold to be shown in the statement of comprehensive income of Omega Company for the month of June 2014. a. P808,880 b. P880,880 c. P830,320 d. P808,080
The following data pertains to Omega company for the month of June 2014. Finished goods, June 1, 2014, P290,540 Finished goods, June 30, 2014, P276,760 Cost of goods manufactured, P805,820 Recovery from write-down, P10,720 Determine the cost of goods sold to be shown in the statement of comprehensive income of Omega Company for the month of June 2014. a. P808,880 b. P880,880 c. P830,320 d. P808,080
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter16: Manufacturing Accounting (mfg)
Section: Chapter Questions
Problem 3R: The following data pertain to 2012 activities of Twisp Industries: Use your completed worksheet to...
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The following data pertains to Omega company for the month of June 2014.
Finished goods, June 1, 2014, P290,540
Finished goods, June 30, 2014, P276,760
Cost of goods manufactured, P805,820
Recovery from write-down, P10,720
Determine the cost of goods sold to be shown in the statement of comprehensive income of
Omega Company for the month of June 2014.
a. P808,880
b. P880,880
c. P830,320
d. P808,080
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