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Find the expected cost of goods sold for the coming year

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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?

Reference no: EM132576164

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