FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Inventory balances for the XYZ Enterprise for the month of June are as follows:
June 1 June 30
Raw materials P 80,000 P 70,000
Work-in-process 135,000 119,600
Finished goods 300,000 240,000
During the month, purchases of direct materials were P 116,000. Direct labor and
How much is the prime costs?
A)P 280,000
B)P 305,400
C)P 176,000
D)P 290,000
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