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Find what cody cost of goods sold is

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Reference no: EM132696426

The following information was taken from Cody Company's accounting records for the year ended December 31, 2020:

Decrease in raw materials inventory P 35,000

Increase in finished goods inventory 15,000

Raw materials purchased 430,000

Direct labor payroll 200,000

Factory overhead 300,000

Freight-out 45,000

Problem 1: There was no work-in process inventory at the beginning or end of the year, Cody's 2020cost of goods sold is

a. P910,000

b. P895,000

c. P950,000

d. P955,000

Reference no: EM132696426

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