From these results of operations, determine the cost of goods manufactured of XY Co. Finished goods -beg P72,000 Sales P465,000 Finished goods - end P66,000 Gross margin P88,000  a. P371,000 b. P377,000 c. P383,000 d. P459,000

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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From these results of operations, determine the cost of goods manufactured of XY Co.
Finished goods -beg P72,000 Sales P465,000
Finished goods - end P66,000 Gross margin P88,000 

a. P371,000
b. P377,000
c. P383,000
d. P459,000

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