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Question - The Trinkets Company estimated the following data for the coming year:
Fixed manufacturing costs P565,000
Variable production costs per peso of sales
Materials P0.125
Direct labor 0.150
Variable overhead 0.075
Variable selling costs per peso of sales 0.150
Trinkets estimates its sales for the coming year to be P2,000,000.
Required - Find the expected cost of goods sold for the coming year?
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