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What is the cost of goods manufactured during the year

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Question - An entity employs actual costing for its production. An entity provided the following data concerning its production during the year:

Decrease in direct materials during the year P500,000

Labor cost during the year 400,000

Actual factory overhead during the year 300,000

Increase in work in process during the year 200,000

Decrease in finished goods during the year 100,000

Required - What is the cost of goods manufactured during the year?

Reference no: EM132532004

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