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Question - The cost of goods manufactured for March at JYD Company was P907,000. The following changes occurred in JYD Company inventory accounts during February:
Decrease in raw materials inventory P24,000
Decrease in work in process inventory 17,000
Increase in finished goods inventory 38,000
Required - How much was the Cost of Goods Sold?
a. P945,000
b. P869,000
c. P928,000
d. P886,000
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