Cost Acctng
Cost Acctng
Cost Acctng
4. Sales 900,000
Cost of goods sold (665,000)
Gross profit 235,000
3. Materials 800
Work in process 500
FO Control 300
4. Accounts payable 1,000
Materials 1,000
5. Payroll 39,000
Withholding taxes payable 3,025
SSS Premiums payable 1,600
Phil Health contributions payable 375
Pag-ibig funds contributions payable 1,200
Accrued payroll 32,800
8 FO Control 15,000
Accum Depr. 3,000
Prepaid ins. 950
Accounts payable 11,050