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
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Chapter16: Manufacturing Accounting (mfg)
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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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