The following are available in the general ledger account of Clothes Manufacturing Company: Raw Materials, beg. P100,000; Purchases – raw materials, P300,000; Raw Materials, end P50,000; Direct Labor P200,000; Manufacturing Overhead P150,000; Work in Process beg. P200,000; Work in Process end P100,000; Finished Goods beg. P50,000; and Finished Good end P100,000. How much is the total cost of goods placed in process? How much is the total cost of goods manufactures?

The following are available in the general ledger account of Clothes Manufacturing Company: Raw Materials, beg. P100,000; Purchases – raw materials, P300,000; Raw Materials, end P50,000; Direct Labor P200,000; Manufacturing Overhead P150,000; Work in Process beg. P200,000; Work in Process end P100,000; Finished Goods beg. P50,000; and Finished Good end P100,000. How much is the total cost of goods placed in process? How much is the total cost of goods manufactures?

Name: The following are available in the general ledger account of Clothes M
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Description: The following are available in the general ledger account of Clothes Manufacturing Company: Raw Materials, beg. P100,000; Purchases – raw materials, P300,000; Raw Materials, end P50,000; Direct Labor P200,000; Manufacturing Overhead P150,000; Work in

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter16: Job Order Costing

Section: Chapter Questions

Problem 2E: The following information is available for the first year of operations of Creston Inc., a...

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