Question: In backflush costing, if the conversion cost in the Raw and In Process was P500 on July 1 and P1,000 on July 31, the account

In backflush costing, if the conversion cost in the Raw and In Process was P500 on July 1 and P1,000 on July 31, the account to be credited at the end of July for the P500 increase would.

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