LBC's beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P 440,000, cost of goods manufactured is P 1.700,000, total manufacturing costs is P 1,764,000 and direct materials used are P 324,000. What are the conversion costs? 1. P 1,960,000 2. P 1,440,000 3. P 1.312,000 4. P 1.376,000 O 1 O 2

LBC's beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P 440,000, cost of goods manufactured is P 1.700,000, total manufacturing costs is P 1,764,000 and direct materials used are P 324,000. What are the conversion costs? 1. P 1,960,000 2. P 1,440,000 3. P 1.312,000 4. P 1.376,000 O 1 O 2

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 5EA: Sterlings records show the work in process Inventory had a beginning balance of $4000 and an ending...

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