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The following selected information pertains to Ax Processing Co.: direct materials, P62,500; indirect materials, P12,500; factory payroll, P75,000 of direct labor and P11,250 of indirect

The following selected information pertains to Ax Processing Co.: direct materials, P62,500; indirect materials, P12,500; factory payroll, P75,000 of direct labor and P11,250 of indirect labor; and other factory incurred, P37,500. The total conversion cost was:

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