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Chris Corporation manufactures metal chips. The following data was available for the year: Raw materials purchase: P 90,000 Direct labor: 50,000 Total manufacturing costs: 219,000 Decrease in raw materials inventory: 4,000 Decrease in work in process inventory: 21,000 Increase in finished good inventory: 45,000 Gross margin ratio: 40% How much is the conversion cost for the period? * O a. P 125,000 O b. P 129,000 O C.P 133,000 O d. P 144,000

Chris Corporation manufactures metal chips. The following data was available for the year: Raw materials purchase: P 90,000 Direct labor: 50,000 Total manufacturing costs: 219,000 Decrease in raw materials inventory: 4,000 Decrease in work in process inventory: 21,000 Increase in finished good inventory: 45,000 Gross margin ratio: 40% How much is the conversion cost for the period? * O a. P 125,000 O b. P 129,000 O C.P 133,000 O d. P 144,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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QUESTION 32

Cost Accounting
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Chris Corporation manufactures metal chips. The following data was available for the year: Raw materials purchase: P 90,000 Direct labor: 50,000 Total manufacturing costs: 219,000 Decrease in raw materials inventory: 4,000 Decrease in work in process inventory: 21,000 Increase in finished good inventory: 45,000 Gross margin ratio: 40% How much is the conversion cost for the period? * O a. P 125,000 O b. P 129,000 O C.P 133,000 O d. P 144,000
Transcribed Image Text:Chris Corporation manufactures metal chips. The following data was available for the year: Raw materials purchase: P 90,000 Direct labor: 50,000 Total manufacturing costs: 219,000 Decrease in raw materials inventory: 4,000 Decrease in work in process inventory: 21,000 Increase in finished good inventory: 45,000 Gross margin ratio: 40% How much is the conversion cost for the period? * O a. P 125,000 O b. P 129,000 O C.P 133,000 O d. P 144,000
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