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What would be the company value of finished goods

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Reference no: EM132803163

Question - Information from Pascua Company for the year ended December 31, 2020:

Units sold 60,000

Units produced 70,000

Finished goods invty., Beginning 10,000

Net Sales P1,400,000

Operating expenses: Cost of goods manufactured:

Variable P98,000 Variable P630,000

Fixed 140,000 Fixed 315,000

Under full costing method, what would be the company's value of finished goods ending inventory, 12.31.202.

Under direct costing method, what would be the company's operating income?

Reference no: EM132803163

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