Items 24 to 27 are based on the following information: Direct materials purchased P50,000 Ending direct materials inventory 35,000 Increase in work in process inventory 20,000 Cost of goods manufactured 120,000 Conversion costs 100,000
Items 24 to 27 are based on the following information: Direct materials purchased P50,000 Ending direct materials inventory 35,000 Increase in work in process inventory 20,000 Cost of goods manufactured 120,000 Conversion costs 100,000
Items 24 to 27 are based on the following information: Direct materials purchased P50,000 Ending direct materials inventory 35,000 Increase in work in process inventory 20,000 Cost of goods manufactured 120,000 Conversion costs 100,000
Transcribed Image Text:Items 24 to 27 are based on the following information:
Direct materials purchased
P50,000
Ending direct materials inventory
35,000
Increase in work in process inventory
20,000
Cost of goods manufactured
120,000
Conversion costs
100,000
Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.
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