For external reporting purposes, the amount of inventoriable costs must be:

 

 

2. For internal reporting purposes, the amount of period costs must be:

 

XYZ Inc. Presented the following data for the first quarter of 2021: Prime Costs P560,000 Factory manager's salary 96,000 Variable factory overhead 80,000 Office salaries 84,000 Straight line depreciation of plant assets 60,000 Sales salaries 72,000 Other fixed factory overhead 40,000 Sales commission 60,000