nventory balances for the MMM Enterprise for the month of June are as follows: June 1 June 30 Raw materials P 2,250 P 1,750 Work-in-process 4,000 3,100 Finished goods 9,000 7,500 During the month, purchases of direct materials were P 3,000. Direct labor and factory overhead costs were P 5,000 and F How much is the conversion costs? Group of answer choices P 15,500

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter9: Working Capital
Section: Chapter Questions
Problem 27E
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Inventory balances for the MMM Enterprise for the month of June are as follows:
June 1
June 30
Raw materials
P 2,250
P 1,750
Work-in-process
4,000
3,100
Finished goods
9,000
7,500
During the month, purchases of direct materials were P 3,000. Direct labor and factory overhead costs were P 5,000 and P 7,000 respectively.
How much is the conversion costs?
Group of answer choices
P 15,500
Р 12,000
P 15,000
Р 16,400
Transcribed Image Text:Inventory balances for the MMM Enterprise for the month of June are as follows: June 1 June 30 Raw materials P 2,250 P 1,750 Work-in-process 4,000 3,100 Finished goods 9,000 7,500 During the month, purchases of direct materials were P 3,000. Direct labor and factory overhead costs were P 5,000 and P 7,000 respectively. How much is the conversion costs? Group of answer choices P 15,500 Р 12,000 P 15,000 Р 16,400
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