NESTLYNNE Corporation has manufactured 100,000 units of Product X in 2019 at the following costs:...
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Accounting
NESTLYNNE Corporation has manufactured 100,000 units of Product X in 2019 at the following costs: Labor- P242,500 of which 93% represents direct labor, Materials- P182,500 of which 90% represent direct materials. Opening Work-in-Process is P88,125. Closing Work-in-Process is P67,500. Overhead is applied at 125% of direct labor cost. The cost of Goods Manufactured is:
a. P671,150
b. P692,306
c. P651,036
d. P629,900
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