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Calculate the Cody cost of goods

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Question - The following information was taken from Cody Co.'s accounting records for the year ended Dec. 31, 2014:

Decrease in raw materials inventory P15,000

Increase in finished goods inventory P35,000

Raw material purchased P430,000

Direct labor payroll P200,000

Factory overhead P300,000

Freight-out P45,000

There was no work in process inventory at the beginning or end of the year. Calculate the Cody's 2014 cost of goods?

a. P895,000

c. P950,000

b. P910,000

d. P955,000

Reference no: EM132740679

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