Inventory balances for the XYZ Enterprise for the month of June are as follows: June 1 June 30 Raw materials P 80,000 P 70,000 Work-in-process 135,000 119,600 Finished goods 300,000 240,000 During the month, purchases of direct materials were P 116,000. Direct labor and factory overhead costs were P 164,000 and P220,00 respectively. How much is the prime costs? A)P 280,000 B)P 305,400 C)P 176,000 D)P 290,000

Inventory balances for the XYZ Enterprise for the month of June are as follows: June 1 June 30 Raw materials P 80,000 P 70,000 Work-in-process 135,000 119,600 Finished goods 300,000 240,000 During the month, purchases of direct materials were P 116,000. Direct labor and factory overhead costs were P 164,000 and P220,00 respectively. How much is the prime costs? A)P 280,000 B)P 305,400 C)P 176,000 D)P 290,000

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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