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What the balances of raw and in-process and finished goods

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The CAMA Corporation manufactures electrical meters. For September, there were no beginning inventories of raw materials and no beginning and ending work in process. Action uses a JIT manufacturing system and backflush costing with three trigger points for making entries in the accounting system. TPC's September standard costs per meter are direct materials, P25 and conversion costs, P20.

The following data apply to September manufacturing:

Raw materials and components purchased P137,500
Conversion costs incurred 110,000
Number of finished units manufactured 5,250
Number of finished units sold 5,000

Problem 1: The balances of Raw and In-Process and Finished Goods Inventory accounts at the end of September are?

Reference no: EM132743033

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