ABC Inc. has a cost card in relation to an inventory manufactured as follows: > Materials > Storage costs of finished goods > Delivery to customers > Irrevocable purchase taxes P 760,000 180,000 40,000 120,000

ABC Inc. has a cost card in relation to an inventory manufactured as follows: > Materials > Storage costs of finished goods > Delivery to customers > Irrevocable purchase taxes P 760,000 180,000 40,000 120,000

Name: At what figure should the inventory be valued? *a. P 880,000b. P 760,0
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Description: At what figure should the inventory be valued? *a. P 880,000b. P 760,000c. P 980,000d. P 940,000 ABC Inc. has a cost card in relation to an inventory manufactured as follows:> Materials> Storage costs of finished goods> Delivery to customers> Irrevoc

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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