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How much of these costs should be inventoried

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Question - Tao Corporation's has the following costs in 2020:

Prime Cost-P100,000

Depreciation of Manufacturing Equipment - P70,000

Depreciation of Factory Building - P40,000 Depreciation of Office Computer - P10,000

Factory Janitor's Wages P15,000

Receptionist's Wages - P18,000 Tao (the CEO)'s Insurance Premium - P8,000

How much of these costs should be expensed outright for external reporting purposes?

How much of these costs should be inventoried for external reporting purposes?

Reference no: EM133177586

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