Reference no: EM132755976

Angel Company uses a backflush costing system with three trigger points. There are no beginning inventories. The following data pertain to November, 2020:

Direct materials purchased P 198,000
Direct materials used 157,500
Conversion costs incurred 94,950
Conversion costs allocated to finished goods 90,000
Costs transferred to finished goods 281,250
Costs of goods sold 335,500

Problem 1: Compute for the balance of Raw and In Process (RIP) account for November, 2020.

a. P33,750
b. P45,450
c. P40,500
d. P6,750