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What the total amount that bergs company should classify

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Question - Bergs Company incurred the following costs during 2022:

Quality control during commercial production - P60,000

Laboratory research aimed at discovery of new knowledge - P42,000

Testing for evaluation of new products - P23,500

Trouble shooting in connection with breakdown during commercial production - P31,000

Engineering follows through in an early phase of commercial production - P27,000

Searching for application of new research findings - P24,000

Cost of equipment acquired which will have alternative uses in the future research and development projects over the next five years - P240,000

What the total amount that Bergs Company should classify as research and development costs for 2022?

Reference no: EM133186044

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