3. The following date were taken the records of Nestlé Philippines: 9/30/2011 8/31/2011 Inventories: Raw materials Work in process Finished goods P50,000 80,000 60,000 ? 95,000 78,000 Raw materials...

3. The following date were taken the records of Nestlé Philippines:<br>9/30/2011<br>8/31/2011<br>Inventories:<br>Raw materials<br>Work in process<br>Finished goods<br>P50,000<br>80,000<br>60,000<br>?<br>95,000<br>78,000<br>Raw materials purchases, P46,000<br>Factory overhead, 75% of direct labor cost, P63,000.<br>Selling and administrative expenses 12.5% of sales, P25,000<br>Net income for September, 2011, P25,000<br>What is the cost of raw materials inventory on August 31, 2011?<br>А. Р30,000<br>В. Р40,000<br>Č. P46,000<br>D. P24,000<br>

Extracted text: 3. The following date were taken the records of Nestlé Philippines: 9/30/2011 8/31/2011 Inventories: Raw materials Work in process Finished goods P50,000 80,000 60,000 ? 95,000 78,000 Raw materials purchases, P46,000 Factory overhead, 75% of direct labor cost, P63,000. Selling and administrative expenses 12.5% of sales, P25,000 Net income for September, 2011, P25,000 What is the cost of raw materials inventory on August 31, 2011? А. Р30,000 В. Р40,000 Č. P46,000 D. P24,000

Jun 08, 2022

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3. The following date were taken the records of Nestlé Philippines: 9/30/2011 8/31/2011 Inventories: Raw materials Work in process Finished goods P50,000 80,000 60,000 ? 95,000 78,000 Raw materials...

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