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beirut company had the following information in relation to its inventory accounts in 2015 (amounts...

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Accounting

Beirut Company had the following information in relation to its inventory accounts in 2015 (amounts in Php): Increase in Raw Materials: 900,000 Increase in WorkinProcess: 895,000 Decrease in Finished Goods: 120,500 Furthermore, the following costs were incurred in the same year: Purchase of raw materials: 1,578,900 Labor: 256,700 (125,000 of which is indirect) Taxes and depreciation on factory building: 85,700 Taxes and depreciation on sales room and office: 80,500 Freightout: 98,000 Freightin: 125,600 Sales salaries: 160,000 Utilities (70% of which is applicable to factory, 10% to showroom, and 20% to administrative office): 567,000

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