Reference no: EM132609938

The Cost of Goods Sold in March for Raggae Rocks Co. wasP2,300,000. March 31 Work in Process Inventory was 40% of the March 1 Work in Process Inventory. Overhead was 225% of the direct labor costs. During March P 1,182,000 of direct materials was purchased.

Other March information were as follows:

                                                  Beginning                                  Ending

Raw materials                      P30,000                            P42,000

Work in process                     P90,000

Finished goods                            P125,000                    P24,000

Question a. Prepare a schedule of the cost of goods sold for March

Question b. Prepare the March cost of goods manufactured schedule.

Question c. What was the amount of prime cost incurred in March.

Question d. What was the amount of conversion cost incurred in March.