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Marvin Manufacturing Company: Cost of Goods Sold P 884,000
Marvin Manufacturing Company: Cost of Goods Sold P 884,000
a Materials 180,000
Accounts Payable 180,000
b Payroll 75,000
Witholding taxes payable 11,200
SSS Premiums payable 2,400
PhilHealth contributions payable 375
Pag-ibig funds contributions payable 1,620
Accrued payroll 59,405
c Materials 20,000
Cash 20,000
RAM COMPANY
Statement of cost of goods sold
For the month ended, October 2019
Miscellaneous accounts
24,900
TRIAL BALANCE
cash 227,705
ar 210,000
mat 68,000
wt pay 11,200
ap 29,700
ph 750
sss 6,000
foh 59,495
pagibig 3,240
wip 63,200
misc 24,900
foha 67,200
fgi 40,000
sales 210,000
cogs 140,000
580,695 580,695
120,000
56,000
67,200
243,200
68,200
175,000
35,000
140,000
7,705
132,295
Materials Witholding taxes payable Accounts Payable
180,000 130,000 11,200 2,000
20,000 2,000 148,300
200,000 132,000 150,300
68,000
Sales
Finished goods Inventory
180,000 140,000
40,000
Accounts Payable PhilHealth contributions payable
180,000 375
375
750
(29,700)
Sales
210,000