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Homework answers / question archive / Joey Company has materials cost in the June 1 Raw and In Process of P10,000, materials received during June of P205,000 and materials cost in the June 30 Raw and In Process of P12,500
Joey Company has materials cost in the June 1 Raw and In Process of P10,000, materials received during June of P205,000 and materials cost in the June 30 Raw and In Process of P12,500. The amount to be backflushed from Raw and In Process to Finished Goods at the end of June would be Your answer
Answer:
P 202,500
EXPLANATION
Computation of amount to be backflushed from raw material and in process to finished goods at the end of June
| Raw and in process of material as on June 1 | P 10,000 |
| Add: Material received during the month | 205,000 |
| Sub total | 215,000 |
| Less: Raw and process of material as on June 30 | 12,500 |
| Amount to be backflushed from raw and in process to finished goods | 202,500 |
