Compute the prime cost and conversion cost

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Reference no: EM132969469

Problem - The financial statements of Mother Goose Company included these items:

Marketing costs P160,000

Direct Labor cost 245,000

Administrative costs 145,000

Direct materials used 185,000

Fixed factory overhead costs 155,000

Variable factory overhead costs 125,000

Required - Compute the 1. Prime cost 2. Conversion cost 3. Total inventoriable/product cost 4. Total period cost.

Reference no: EM132969469

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