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Supplies unused at the start of the year amounts to P3,150. During the year the company purchased P15,000 worth of these supplies. 80% of
Supplies unused at the start of the year amounts to P3,150. During the year the company purchased P15,000 worth of these supplies. 80% of the supplies were used up. How much will be reported as supplies unused in the balance sheet?
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
