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Redillas Corporation's 2021 manufacturing costs were as follows: Prime costs P 430,000 Depreciation of factory equipment 80,000 Depreciation of factory building 50,000 Janitor's wages for cleaning factory area 52,000 Salesmen's commission based on sales 50,000 Depreciation for delivery van 30,000 How much of these costs should be inventoried for external reporting purpose OP 612,000 O P 500,000 O P 647,000 OP 512,000

Redillas Corporation's 2021 manufacturing costs were as follows: Prime costs P 430,000 Depreciation of factory equipment 80,000 Depreciation of factory building 50,000 Janitor's wages for cleaning factory area 52,000 Salesmen's commission based on sales 50,000 Depreciation for delivery van 30,000 How much of these costs should be inventoried for external reporting purpose OP 612,000 O P 500,000 O P 647,000 OP 512,000

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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Redillas Corporation's 2021 manufacturing costs were as follows: Prime costs P 430,000 Depreciation of factory equipment 80,000 Depreciation of factory building 50,000 Janitor's wages for cleaning factory area 52,000 Salesmen's commission based on sales 50,000 Depreciation for delivery van 30,000 How much of these costs should be inventoried for external reporting purposes? O P 612,000 O P 500,000 OP 647,000 OP 512,000
Transcribed Image Text:Redillas Corporation's 2021 manufacturing costs were as follows: Prime costs P 430,000 Depreciation of factory equipment 80,000 Depreciation of factory building 50,000 Janitor's wages for cleaning factory area 52,000 Salesmen's commission based on sales 50,000 Depreciation for delivery van 30,000 How much of these costs should be inventoried for external reporting purposes? O P 612,000 O P 500,000 OP 647,000 OP 512,000
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