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  • Chapter 14 Cost6

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    Louiza Kyla Arida
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    The document appears to be a business report detailing the financial performance of potato skin sales. It shows that sales of potato skins were P80,000 with cost of goods sold of P24,000 resulting in a gross profit of P58,825. After deducting operating expenses of P3,800, the net income from potato skin sales was P55,025.

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    The document appears to be a business report detailing the financial performance of potato skin sales. It shows that sales of potato skins were P80,000 with cost of goods sold of P24,000 resulting in a gross profit of P58,825. After deducting operating expenses of P3,800, the net income from potato skin sales was P55,025.

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    © All Rights Reserved
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    8 views1 page

    Chapter 14 Cost6

    Uploaded by

    Louiza Kyla Arida
    The document appears to be a business report detailing the financial performance of potato skin sales. It shows that sales of potato skins were P80,000 with cost of goods sold of P24,000 resulting in a gross profit of P58,825. After deducting operating expenses of P3,800, the net income from potato skin sales was P55,025.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    1

    25. (a)

    Cost of ending inventory – Red: (15,000/45,000 x P54,000) P18,000

    26. (a)

    Sales – Potato skins P80,000


    Cost of goods sold:
    Production costs: (P30,000 x 80%) P24,000
    Net revenue – Potato skins:
    Sales P11,825
    Disposal cost: (90,000 x P.10) 9,000 2,825 21,175
    Gross profit 58,825
    Operating expenses 3,800
    Net income P55,025

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