Solution-What is the unit cost for each pair of shoes

What is the unit cost for each pair of shoes

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Q1. On January 7, 2019 Agency A acquired goods for sale for P100,000, including a P5,000 refundable purchase taxes. In acquiring the goods, transport charges of P2,000 were incurred. What is the cost of purchase?

Q2. On January 7, 2019 Agency A acquired goods for sale for P100,000, including a P5,000 refundable purchase taxes. In acquiring the goods, transport charges of P2,000 were incurred. Give me the entries to record the transaction.

Q3. Entity G incurred the following cost in connection with the production of 1,000 pairs of shoes:

a. Direct Materials - 100,000

b. Direct labor - 20,000

c. Overhead - 10,000

In addition the entity paid P5,000 for wasted materials and other production costs. Furthermore, the Sales Department incurred P10, 000 for the promotion of its new line of shoes Suzane. What is the unit cost for each pair of shoes?

Reference no: EM132858758

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What is the unit cost for each pair of shoes

Reference no: EM132858758

Reference no: EM132858758

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