2. ABC Corp incurred the following R&D expenses in 20X1: Cost to complete a detailed formula on the vaccine, P1,560,000 Testing of the vaccine after the technical feasibility, P5,280,000 Production costs of the vaccine for initial distribution, P3,000,000 How much should be included in the cost of sales of the vaccine?
2. ABC Corp incurred the following R&D expenses in 20X1: Cost to complete a detailed formula on the vaccine, P1,560,000 Testing of the vaccine after the technical feasibility, P5,280,000 Production costs of the vaccine for initial distribution, P3,000,000 How much should be included in the cost of sales of the vaccine?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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22. ABC Corp incurred the following R&D expenses in 20X1:
Cost to complete a detailed formula on the vaccine, P1,560,000
Testing of the vaccine after the technical feasibility, P5,280,000
Production costs of the vaccine for initial distribution, P3,000,000
How much should be included in the cost of sales of the vaccine?
1,560,000
3,000,000
5,280,000
9,840,000
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