Which adjustment to cost of goods sold under allocated

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Reference no: EM132770529

There are no beginning inventories. Information for April 2020 is:

Direct materials Purchased P880,000

Direct material used P850,000

Conversion costs incurred P422,000

Conversion Costs allocated P400,000

Costs transferred to finished goods P1,250,000

Cost of goods sold P1,190,000

Problem 1: Adjustment to Cost of goods sold involving over/under allocated conversion cost must be

a. Increase of 22,000

b. Decrease of 22,000

c. Increase of 90,000

d. Decrease of 90,000

Reference no: EM132770529

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