Beginning raw materials inventory was P32,000. During the month, P276,000 of raw material was purchased. A count at the end of the month revealed that P28,000 of raw material was still present. What is the cost of direct material used? A. P276,000 B. P272,000 C. P280,000 D. P 2,000
Beginning raw materials inventory was P32,000. During the month, P276,000 of raw material was purchased. A count at the end of the month revealed that P28,000 of raw material was still present. What is the cost of direct material used? A. P276,000 B. P272,000 C. P280,000 D. P 2,000
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PB: During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of...
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Beginning raw materials inventory was P32,000. During the month, P276,000 of raw material was purchased. A count at the end of the month revealed that P28,000 of raw material was still present. What is the cost of direct material used?
A. P276,000
B. P272,000
C. P280,000
D. P 2,000
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