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The accounting records of Wagan Co. showed the following: Increase in raw materials inventory, P45,000; Decrease in finished goods inventory, P150,000; Raw materials purchased,
The accounting records of Wagan Co. showed the following: Increase in raw materials inventory, P45,000; Decrease in finished goods inventory, P150,000; Raw materials purchased, P1,290,000; Direct labor payroll, P600,000; Factory overhead, P900,000; Freight-out, P135,000. The cost of raw materials used for the period amounted to Oa. P1,290,000 Ob. P1,335,000 OC. P1,245,000 Od. P1,380,000 8 of 10
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