help answer Information from Pascua Company for the year ended December 31, 2020:Units sold60,00070,000Finished goods invty., Beginning 10,000Operating expenses:VariableP98,000140,000Units producedNet SalesP1,400,000Cost of goods manufactured:VariableP630,000Fixed315,000Fixed3. Under full costing method, what would be the company's value of finished goodsending inventory, 12.31.202.4. Under direct costing method, what would be the company's operating income?

Cost Accounting - "A systematic set of methods for recording and reporting measures of the cost of…

Information from Pascua Company for the year ended December 31, 2020: Units sold 60,000 Units produced 70,000 Net Sales Finished goods invty., Beginning 10,000 Operating expenses: Variable P98,000 140,000 P1,400,000 Cost of goods manufactured: Variable P630,000 Fixed 315,000 Fixed 3. Under full costing method, what would be the company's value of finished goods ending inventory, 12.31.202. 4. Under direct costing method, what would be the company's operating income?

Information from Pascua Company for the year ended December 31, 2020: Units sold 60,000 Units produced 70,000 Net Sales Finished goods invty., Beginning 10,000 Operating expenses: Variable P98,000 140,000 P1,400,000 Cost of goods manufactured: Variable P630,000 Fixed 315,000 Fixed 3. Under full costing method, what would be the company's value of finished goods ending inventory, 12.31.202. 4. Under direct costing method, what would be the company's operating income?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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