The related data of Megan Company: Ending Beginning Raw materials P78,500 P69,200 Work in process 500,200 355,500 Finished goods 285,700 312,700 The Cost of goods manufactured is P1,317,200. The entity purchased P500,000 raw materials during the year, of which 20% is an indirect material. How much are the direct materials used?
The related data of Megan Company:
Ending Beginning
Raw materials P78,500 P69,200
Work in process 500,200 355,500
Finished goods 285,700 312,700
The Cost of goods manufactured is P1,317,200.
The entity purchased P500,000 raw materials during the year, of which 20% is an indirect material.
How much are the direct materials used?
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