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What is the beginning inventory

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Q1) Coach company budgeted purchases  of Php 100,000. Cost of sales was Php 120,000 and the desired ending inventory was Php 42,000. What is the beginning inventory?

Q2) Gold Company estimated its overhead to produce 80,000 units at Php 1,000,000.00 (60% is variable).  If the estimate changes and Gold Company now expects to produce 100,000 units, what would be the budgeted overhead be if the cost behavior remains the same?

Reference no: EM133095790

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