Question
Lala Co. year end manufacturing costs were as follows: Direct Materials and Direct Labor--------------------P 500,000 Depreciation of manufacturing equipment---------P 70,000 Depreciation of factory building -----------------------P
Lala Co. year end manufacturing costs were as follows:
Direct Materials and Direct Labor--------------------P 500,000
Depreciation of manufacturing equipment---------P 70,000
Depreciation of factory building -----------------------P 40,000
Janitor's wage for cleaning the factory premises ---P 15,000
How much of these costs should be inventoried to external reporting purposes?
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
