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What kay cost of goods sold is

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Reference no: EM132760119

The following information was taken from Kay Company's accounting records for the year ended December 31, 2015:

Increase in raw materials inventory P 30,000

Decrease in finished goods inventory 70,000

Raw materials purchased 860,000

Direct manufacturing labor payroll 400,000

Factory overhead 600,000

Freight-out 90,000.

Problem 1: There was no work in process inventory at the beginning or end of the year. Kay's 2015 cost of goods sold is

A. P1,900,000

B. P1,930,000

C. P1,950,000

D. Answer not given

Reference no: EM132760119

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