This topic is about Cost Accounting. Please check the picture for the problem.Requirement: Determine the followingTotal Raw Materials usedTotal Manufacturing Cost Total Cost of Goods ManufacturedThank you! You are given the following information from Alexandria Mfg Company as of December 31,202A;Sales, P205,000; selling and administrative expenses, P83,000; purchases of rawmaterials, P20,0003; direct labor, P15,000; factory overhead, P32,000.The inventories are:1. Raw materials, beg., P7,000; end, P5,0002. Work in process, beg., P14,000; end, P11,0003. Finished goods, beg., P15,000; end, P19,000

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Answered: This topic is about Cost Accounting.…

This topic is about Cost Accounting. Please check the picture for the problem. Requirement: Determine the following Total Raw Materials used Total Manufacturing Cost Total Cost of Goods Manufactured

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

This topic is about Cost Accounting. Please check the picture for the problem.

Requirement: Determine the following

Total Raw Materials used
Total Manufacturing Cost
Total Cost of Goods Manufactured

Thank you!

You are given the following information from Alexandria Mfg Company as of December 31,
202A;
Sales, P205,000; selling and administrative expenses, P83,000; purchases of raw
materials, P20,0003; direct labor, P15,000; factory overhead, P32,000.
The inventories are:
1. Raw materials, beg., P7,000; end, P5,000
2. Work in process, beg., P14,000; end, P11,000
3. Finished goods, beg., P15,000; end, P19,000

Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.

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