Question: Hello dear tutor, Please provide answer with clear solutions. Thank you tutor! Ambo, Inc. manufactured 50,000 kilos of compound Am in 2008 at the following

Hello dear tutor, Please provide answer with clear solutions. Thank you tutor!

  1. Ambo, Inc. manufactured 50,000 kilos of compound Am in 2008 at the following costs:

Opening work-in-process of P88,125.

Materials of P182,500 of which 90% is direct materials

Labor of P242,500 of which 93% is direct labor.

Closing work-in-process of P67,500.

Factory overhead is 125% of direct labor cost and includes indirect materials and indirect labor. The cost of goods manufactured is:

a.P651,056b. P692,306c. P706,906d. P727,531

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