Panama Manufacturing had the following data for the period just ended: Work in process, Jan. 1,...

  

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Panama Manufacturing had the following data for the period just ended: Work in process, Jan. 1, 2021 Work in process, Dec. 31, 2021 Finished goods, Jan. 1, 2021 Finished goods, Dec. 31, 2021 Direct materials used Direct labor Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor Calculate Panama's cost of goods manufactured. P21,000 40,000 70,000 61,000 126,000 260,000 80,000 945,000 52,000 27,000 19,000 35,000 * 5 points Calculate Panama's cost of goods * 5 points sold. Panama Manufacturing had the following data for the period just ended: Work in process, Jan. 1, 2021 Work in process, Dec. 31, 2021 Finished goods, Jan. 1, 2021 Finished goods, Dec. 31, 2021 Direct materials used Direct labor Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor Calculate Panama's cost of goods manufactured. P21,000 40,000 70,000 61,000 126,000 260,000 80,000 945,000 52,000 27,000 19,000 35,000 * 5 points Calculate Panama's cost of goods * 5 points sold.

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To calculate Panama Manufacturings cost of goods manufactured you can use the following formula Cost ... View the full answer