Solution-What the final sales value in pesos will be

What the final sales value in pesos will be

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Reference no: EM132739011

Problem 1: If the net realizable value is Php 20,000 and further processing cost is Php18,000, then the final sales value (in pesos) will be

AAA Inc. is employing a sophisticated just in time manufacturing system. The company uses backflush costing for recording its production. The following transactions occurred for the year ended December 31, 2019:

Purchased Php170,000 raw materials on account
All materials purchased were requisitioned for production
Incurred direct labor costs of Php80,000
Actual factory overhead cost amounted to P122,000
All telephones were completed and sold

Problem 2: What is the cost of goods sold for the year ended December 31, 2019?

Reference no: EM132739011

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What the final sales value in pesos will be

Reference no: EM132739011

Reference no: EM132739011

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