The following information were taken from the accounting records of BLUE Corporation for the year ended December 31, 2021: Decrease in finished goods inventory – P700,250; Increase in raw materials inventory – P368,000; Freight out – P520,000; Factory overhead - P6,000,000; Direct labor - P4,000,000; Raw materials purchased – P8,600,000; Freight in - P842,100. There was no work in process inventory at the beginning or at the end of the year.

The following information were taken from the accounting records of BLUE Corporation for the year ended December 31, 2021: Decrease in finished goods inventory – P700,250; Increase in raw materials inventory – P368,000; Freight out – P520,000; Factory overhead - P6,000,000; Direct labor - P4,000,000; Raw materials purchased – P8,600,000; Freight in - P842,100. There was no work in process inventory at the beginning or at the end of the year.

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 27E: Selected information concerning the operations of a company for the year ended December 31 is as...

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