7:49 1 O Y O 0 a l 53% BUSINESS • ACCOUNTING The given miscellaneous data has been collected for a manufacturing company for the year ended 12/31/2020. Inventories: • Beginning - raw material_P50,000...

show the statement from work in process, direct materials, direct labor, manufacturing overhead up to cost of goods manufactured


Extracted text: 7:49 1 O Y O 0 a l 53% BUSINESS • ACCOUNTING The given miscellaneous data has been collected for a manufacturing company for the year ended 12/31/2020. Inventories: • Beginning - raw material_P50,000 - work in process_P40,000 - finished goods_P60,000 • Ending -raw material_P55,000 - work in process_P45,000 - finished goods_P50,000 costs recorded during the year: - purchases of raw material_P195,000 direct labor_P150,000 - COGS_P595,000 - freight out_P25,000 - purchase discount_P32,000 - purchase return and allowances_P23,000 VX ||