You do not need to print the document to answer the following questions:

https://www.urc.com.ph/docs/AnnualReport2021.pdf?ref=annual_reportLinks to an external site.

1. Would Universal Robina Corporation be more likely to use process costing or job-order costing? Why?
2. Identify the types of inventory accounts used by URC. Are all these the same or different from what you've learned in the discussions? What evidence supports your conclusion?
3. Identify the accounts in computing the URC's cost of sales. Are all these the same or different from what you've learned in the discussions? What evidence supports your conclusions?
4. What are those manufacturing overhead costs assigned to cost objects? Are all these the same or different from what you've learned in the discussions?
5. From a financial reporting standpoint, why does the company need to assign manufacturing overhead costs to cost objects?