Costcon 1
Costcon 1
Costcon 1
Property taxes:
Factory 20,000
Headquarters 18,000
Last year, J. dela Cruz completed 100,000 units. Sales revenue equaled P1,200,000 and Dela
Cruz paid a sales commission of 5% of sales.
Required:
1. Calculate the direct materials used in production for last year. (2pts.)
Beginning Bal., Raw Materials 124,000
Add: Raw Materials Purchased 250,000
Cost of Material Delivered 374,000
Less: Ending bal., Raw Materials 102,000
Cost of Material Consumed 272,000