Determine the cost of goods available for sale

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Question - The following data were taken from the records of Alda Manufacturing Company:

Work in Process, Beginnning 80,000

Work in Process, End 95,000

Finished Goods Inventory, beginning 60,000

Finished Goods Inventory, end 78,000

Raw Materials Purchases P46,000

Factory overhead, 75% of direct labor cost 63,000

Selling and admin expenses, 12.5% of sales 25,000

Net income for the month 25,000

Raw materials inventory end 50,000

Required -

1. Determine the raw material inventory beginning?

2. Determine the cost of Goods Available for Sale?

Reference no: EM133123745

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