Reyes Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For November 2021, Reyes Company presented the following costs on three processes:
Reyes Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For November 2021, Reyes Company presented the following costs on three processes:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
What is the total costs transferred from Department 2 to Department 3?
a.P200,045
b.P280.702
c.P274,140
d.P195,175
What is the amount of cost of goods manufactured?
a.P200,045
b.P274,140
c.P280.702
d.None of the above
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