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LBC's beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P 440,000, cost of goods manufactured is P 1.700,000, total manufacturing costs is P 1,764,000 and direct materials used are P 324,000. What are the conversion costs? 1. P 1,960,000 2. P 1,440,000 3. P 1.312,000 4. P 1.376,000 O 1 O 2

LBC's beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P 440,000, cost of goods manufactured is P 1.700,000, total manufacturing costs is P 1,764,000 and direct materials used are P 324,000. What are the conversion costs? 1. P 1,960,000 2. P 1,440,000 3. P 1.312,000 4. P 1.376,000 O 1 O 2

FINANCIAL ACCOUNTING
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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LBC's beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P 440,000, cost of goods manufactured is P 1.700,000, total manufacturing costs is P 1,764,000 and direct materials used are P 324,000. What are the conversion costs? 1. P 1,960,000 2. P 1,440,000 3. P 1.312,00O 4. P 1.376,000 O 1 O 2 O 3 0 4
Transcribed Image Text:LBC's beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P 440,000, cost of goods manufactured is P 1.700,000, total manufacturing costs is P 1,764,000 and direct materials used are P 324,000. What are the conversion costs? 1. P 1,960,000 2. P 1,440,000 3. P 1.312,00O 4. P 1.376,000 O 1 O 2 O 3 0 4
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