(see the attached image below, kindly answer based on your knowledge. thank you!) 45. Johnson Corp. has the following data for the year 2030:January 1225,000112,500487,500Direct MaterialsWork in ProcessFinished GoodsDecember 31300,000150,000375,000261 How much is the cost of goods sold using the normal costing system?odditional information:Actual factory oerheadApplied Factory overheadDirect Materials UsedCost of Gooda Manufactured1,080,0001,125,0001,425,0003,862,500a. P3,975,000b. P3,930,000c. P3,855,000d. P3,817,500

Calculation: Particulars Amount (P) Beginning Inventory of Finished Goods 487,500 Add: Cost…

How much is the cost of goods sold using the normal costing system? odditional information: Actual factory oerhead Applied Factory overhead Direct Materials Used Cost of Goods Manufactured 1,080,000 1,125,000 1,425,000 3,862,500 c. P3,855,000 d. P3,817,500 a. P3,975,000

How much is the cost of goods sold using the normal costing system? odditional information: Actual factory oerhead Applied Factory overhead Direct Materials Used Cost of Goods Manufactured 1,080,000 1,125,000 1,425,000 3,862,500 c. P3,855,000 d. P3,817,500 a. P3,975,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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