Solution-Find what is the cost of raw materials inventory

Find what is the cost of raw materials inventory on august

Assignment Help Cost Accounting

Reference no: EM132667519

The following data were taken from the record of Best Company

08/31/2019 09/30/2019

Inventories

Raw Materials ?                                  P50,000
Work in process                     P80,000 P95,000
Finished Goods    P60,000 P78,000
Raw materials purchases P46,000

Factory overhead, P63,000 which is 75% of direct labor cost
Selling and Administrative Expenses, 12.5%, P25,000
Net Income for September,2011, P25,000

Problem 1: What is the cost of raw materials inventory on August 31, 2019?

Reference no: EM132667519

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Find what is the cost of raw materials inventory on august : What is the cost of raw materials inventory on August 31, 2019? Net Income for September,2011, P25,000. Selling and Administrative Expenses, 12.5%, P25,000

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Find what is the cost of raw materials inventory on august

Reference no: EM132667519

Reference no: EM132667519

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