Office Supplies- P4,000; Raw materials- P27,000; Work in process- P59,000; Finisl P72,000; Prepaid insurance- P6,000. What amount should Doenjang Jjigae repor inventories in its balance sheet? * O P158,000

Office Supplies- P4,000; Raw materials- P27,000; Work in process- P59,000; Finisl P72,000; Prepaid insurance- P6,000. What amount should Doenjang Jjigae repor inventories in its balance sheet? * O P158,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Question 23

Choose the correct answer from the choices.

Doenjang Jjigae Manufacturing Company has the following account balances at year end:
Office Supplies- P4,000; Raw materials- P27,000; Work in process- P59,000; Finished goods-
P72,000; Prepaid insurance- P6,000. What amount should Doenjang Jjigae report as
inventories in its balance sheet? *
O P158,000
O P162,000
O P76,000
O P72,000

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