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Problem - The financial statements of Mother Goose Company included these items:
Marketing costs P160,000
Direct Labor cost 245,000
Administrative costs 145,000
Direct materials used 185,000
Fixed factory overhead costs 155,000
Variable factory overhead costs 125,000
Required - Compute the 1. Prime cost 2. Conversion cost 3. Total inventoriable/product cost 4. Total period cost.
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