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Problem - The accounting records for 2020 of Masagana Manufacturing Company showed the following data:
Increase in raw materials inventory P45,000
Decrease in finished goods inventory 150,000
Raw materials purchased 1,290,000
Direct Labor payroll 600,000
Factory overhead 900,000
Freight-out 135,000
Required - Compute the cost of raw materials used for the period?
computer equipment office equipment purchased 6 12 years ago for 170000 with an estimated life of 8 years and a
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Carrying amount of P120,000 realized P90,000. Liquidation expenses paid amounted to P2,000. How much cash should be distributed to Hervas?
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