Beirut Company had the following information in relation to its inventory accounts in 2015 (amounts...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Beirut Company had the following information in relation to its inventory accounts in 2015 (amounts in Php):
- Increase in Raw Materials: 900,000
- Increase in WorkinProcess: 895,000
- Decrease in Finished Goods: 120,500
- Furthermore, the following costs were incurred in the same year:
- Purchase of raw materials: 1,578,900
- Labor: 256,700 (125,000 of which is indirect)
- Taxes and depreciation on factory building: 85,700
- Taxes and depreciation on sales room and office: 80,500
- Freightout: 98,000
- Freightin: 125,600
- Sales salaries: 160,000
- Utilities (70% of which is applicable to factory, 10% to showroom, and 20% to administrative office): 567,000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.