Determine the balance in PASTEL Company's finished goods inventory account at the end of August — using the given data of the company for the month of August: • Cost of goods manufactured P78,000 • Cost of goods sold_P82,000 • Total manufacturing costs_P90,000 • Cost of goods available for sale_P95,000
Determine the balance in PASTEL Company's finished goods inventory account at the end of August — using the given data of the company for the month of August: • Cost of goods manufactured P78,000 • Cost of goods sold_P82,000 • Total manufacturing costs_P90,000 • Cost of goods available for sale_P95,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 15E: Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone...
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Determine the balance in PASTEL Company's finished goods inventory account at the end of August — using the given data of the company for the month of August:
• Cost of goods manufactured P78,000
• Cost of goods sold_P82,000 • Total manufacturing costs_P90,000
• Cost of goods available for sale_P95,000
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