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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Managerial Accounting
Authors: Kurt Heisinger, Joe Ben Hoyle
2nd edition
1453375723, 1453375724, 978-1453375716
