Solution-What is the cost of raw materials inventory on

What is the cost of raw materials inventory on august

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Reference no: EM132805408

The following data were taken from the record of Best Company

08/31/2019 09/30/2019
Inventories

Raw Materials ? P50,000
Work in process P80,000 P95,000
Finished Goods P60,000 P78,000

Raw materials purchases P46,000
Factory overhead, P63,000 which is 75% of direct labor cost
Selling and Administrative Expenses, 12.5%, P25,000
Net Income for September,2011, P25,000

Problem 1: What is the cost of raw materials inventory on August 31, 2019?

Reference no: EM132805408

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What is the cost of raw materials inventory on august

Reference no: EM132805408

Reference no: EM132805408

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