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Assignment ID: FG133140913
Question – Walker Company incurred P80,000 direct labor cost in 202A and had the following selected account balances at the beginning and end of 202A: Finished goods January 1, P56,000; Work in process January 1, P24,000; Materials January 1, P34,000; Finished goods December 31, P90,000; Work in process December 31, P28,000; Materials December 31, P48,000. The total cost of goods sold and actual factory overhead during the year are P280,000 and P70,000, respectively. Determine the total material purchases during the year.