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urgent help :( Kaizen Company manufactures specialty mugs sold to various gourmet coffee shops and has recently decided to implement a Just-in-time (JIT) costing system.
urgent help :(
Kaizen Company manufactures specialty mugs sold to various gourmet coffee shops and has recently decided to implement a Just-in-time (JIT) costing system. Transactions for the month of April were as follows: a. Raw materials were purchased at the cost of P593,750. b. All materials purchased were acquired for production. c. Direct labor costs of P1,562,500. d. Actual factory overhead costs amounted to P3,750,000. e. Applied conversion cost totaled P5,062,500. This included P1,562,500 of direct labor. f. All units were completed. Compute the amount of Finished Goods after all transactions have been completed: O P6.031.250 P5.312.500 P5.656.250 P6.625.000Step by Step Solution
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