At the beginning of the current year, Tesla Company's work in process inventory account had a balance of P300,000. During the year, P680,000 of direct materials were used in production, and P660,000 of direct labor costs were incurred. Factory overhead for the year amounted to P900,000. Cost of goods manufactured is P2,300,000. The balance in work in process inventory on December 31 is? 16. A Pink company used P315,000 of direct materials, incurred P713,000 in direct labor cost, and had P1,1 14,000 in factory overhead costs during the period. If beginning and ending work in process inventories were P218,000 and P312,000, respectively, the cost of goods manufactured was? 17. Cost of goods manufactured during the year is P2,040,000, and work in process inventory on December 31 is P500,000. Work in process inventory during the year decreased by 60%. Total manufacturing costs incurred are?
15. At the beginning of the current year, Tesla Company's work in process inventory
account had a balance of P300,000. During the year, P680,000 of direct materials were
used in production, and P660,000 of direct labor costs were incurred. Factory
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