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
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)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
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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