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Joyjoy Company had inventories at the beginning and end of 2019 as follows: Finished Goods: Direct materials Direct labor Machine time WIP: December 1 P12,000
Joyjoy Company had inventories at the beginning and end of 2019 as follows:
Finished Goods: Direct materials Direct labor Machine time WIP: December 1 P12,000 Direct materials, P2.40 per unit 3,000 units Direct labor, P0.80 per unit Machine time Materials Inventories December 31 P5,000 P3,000 60 hours 2,000 units 48 hours 32 hours P9,000 P4,500
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
