Following are the data extracted from Alma Corporation, at the end of December 1, 2019:
Sales …………14,000,500 Sales Return ……………. P 25,200
Purchases (net) . 2,400,000 Transportation inward … 32,000
Direct Labor …… 3,204,000 FOH (total) ………………….1,885,600
Sales salaries ….. 200,000 Advertising expense…… 155,000
Delivery Expense 65,000
During the year 25,000 units were completed:
Inventories December, 2019 January, 2019
Finished Goods ………… P 467,400 ……………. P 620,000
Work in Process ……………….. 136,800 ..…………... 129,800
Materials …………………………. 196,000 …................. 176,000
Required: Compute for the following: (Show your solution in the space provided)
1. Total Factory Cost
2. Cost of Goods Manufactured
3. Per unit cost of goods manufactured
4. Cost of Goods Sold
5. Gross Profit and Net Profit