Solution-Compute for the prime cost

Compute for the prime cost

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Reference no: EM132628900

Golden Manufacturers provides you with the following data: Cost of goods sold, ? 3,600,000; Raw materials used, P1,500,000; Labor cost, P1,000,000; Factory overhead, P1,000,000. Ending inventory of work in process and beginning inventory of finished goods inventories are 50% and 83 1/3% of beginning inventory of work in process, respectively. Finished goods inventory, end is 140% of finished goods inventory, beginning.

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Problem 1: Compute for the following: 1.Prime cost; 2. Conversion cost; 3. Cost of goods manufactured

Reference no: EM132628900

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Compute for the prime cost

Reference no: EM132628900

Reference no: EM132628900

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