The following information has been taken from the cost records of NUBD Company for the past year. P 326,000 686,000 Raw material used in production Total manufacturing costs charged to production during the year (includes direct material, direct labor, and overhead equal to 60% of direct labor cost) Cost of goods available for sale Selling and Administrative expenses 826,000 25,000 Inventories Raw Material Work in Process Finished Goods Beginning P75,000 80,000 90,000 Ending P 85,000 30,000 110,000
The following information has been taken from the cost records of NUBD Company for the past year. P 326,000 686,000 Raw material used in production Total manufacturing costs charged to production during the year (includes direct material, direct labor, and overhead equal to 60% of direct labor cost) Cost of goods available for sale Selling and Administrative expenses 826,000 25,000 Inventories Raw Material Work in Process Finished Goods Beginning P75,000 80,000 90,000 Ending P 85,000 30,000 110,000
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter16: Job Order Costing
Section: Chapter Questions
Problem 2E: The following information is available for the first year of operations of Creston Inc., a...
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