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Compute the Cost of Goods Manufactured for March

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Reference no: EM132820457

Question - The following were from the books of Janice Company for March 2018:

Inventories March 1, 2018 March 31, 2018

Raw Materials ? P20,000

Work in Process P90,000 P100,000

Finished Goods P120,000 P180,000

Raw Materials Purchased P100,000

Factory Overhead, 75% of direct labor cost P126,000

Selling and Administrative expense, 10% of sales P50,000

Net Income for March 2018 P50,000

Required - Compute the Cost of Goods Manufactured for March?

Reference no: EM132820457

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