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Ben Inc. manufactured 50,000 kilos of compound product in 2019 at the following costs: Opening WIP...

Ben Inc. manufactured 50,000 kilos of compound product in 2019 at the following costs:

Opening WIP of P88,125

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

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

Closing WIP of P67,500

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

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