x Company provides the following data for 2019: 12/31/2018 12/31/2019 Inventories: Raw materials* P 12,000 P 23,500 Work in process Finished goods 15,100 17,600 19,500 21,200 Operating data: Cost of goods sold 149,200 Direct labor cost 50,000 Factory overhead cost (utility only) 62,500 Indirect materials cost 5,000 Indirect labor cost 2,000 *Consisting of both direct and indirect. The cost of raw materials purchases for 2019 is?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The cost of raw materials purchases for 2019 is?

x Company provides the following data for 2019:
12/31/2018
12/31/2019
Inventories:
Raw materials*
P 12,000
P 23,500
Work in process
Finished goods
Operating data:
Cost of goods sold
15,100
17,600
19,500
21,200
149,200
Direct labor cost
50,000
Factory overhead cost (utility only)
62,500
Indirect materials cost
5,000
Indirect labor cost
2,000
*Consisting of both direct and indirect.
The cost of raw materials purchases for 2019 is?
Transcribed Image Text:x Company provides the following data for 2019: 12/31/2018 12/31/2019 Inventories: Raw materials* P 12,000 P 23,500 Work in process Finished goods Operating data: Cost of goods sold 15,100 17,600 19,500 21,200 149,200 Direct labor cost 50,000 Factory overhead cost (utility only) 62,500 Indirect materials cost 5,000 Indirect labor cost 2,000 *Consisting of both direct and indirect. The cost of raw materials purchases for 2019 is?
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