Reference no: EM132667093
The accounting records for 2008 of EGGS Manufacturing Company showed the following
Decrease in raw materials inventory P45, 000
Increase in Finished goods inventory P150, 000
Increase in work in process inventory P60, 000
Raw materials purchased P1, 290, 000
Direct labor payroll P600, 000
Factory overhead P900, 000
Problem 1: The cost of raw materials used for the period amounted to
Problem 2: The cost of goods manufactured is