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1. If beginning work-in-process inventory is P120,000, ending work-in-process inventory is P160,000, cost of goods manufactured is P400,000 and direct materials used are P100,000, what

1. If beginning work-in-process inventory is P120,000, ending work-in-process inventory is P160,000, cost of goods manufactured is P400,000 and direct materials used are P100,000, what are the conversion costs?

a. P140,000

b. P280,000

c. P340,000

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