The Lakandula Company's Cost of Goods Manufactured was P240,000. Its total sales amounted to P720,000 and Gross Profit was P440,000. If the ending inventory of Finished Goods was P60,000, how much is beginning inventory of Finished Goods?

The Lakandula Company's Cost of Goods Manufactured was P240,000. Its total sales amounted to P720,000 and Gross Profit was P440,000. If the ending inventory of Finished Goods was P60,000, how much is beginning inventory of Finished Goods?

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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