The following data pertains to Omega company for the month of June 2014.  Finished goods, June 1, 2014, P290,540  Finished goods, June 30, 2014, P276,760  Cost of goods manufactured, P805,820  Recovery from write-down, P10,720 Determine the cost of goods sold to be shown in the statement of comprehensive income of Omega Company for the month of June 2014. a. P808,880 b. P880,880 c. P830,320 d. P808,080

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
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ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
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Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 3SEA: MULTIPLE-STEP INCOME STATEMENT Use the following information to prepare a multiple-step income...
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The following data pertains to Omega company for the month of June 2014.
 Finished goods, June 1, 2014, P290,540
 Finished goods, June 30, 2014, P276,760
 Cost of goods manufactured, P805,820
 Recovery from write-down, P10,720
Determine the cost of goods sold to be shown in the statement of comprehensive income of
Omega Company for the month of June 2014.
a. P808,880
b. P880,880
c. P830,320
d. P808,080

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