how much is total cost of goods manufactured? A company uses job order costing, At the beginning of February, two jobs were in process:                                          Job 769               Job 772 Materials                           P4.000                  P1.400 Direct labor                       7000                       600 Appled Factory Overhead  3,000                     900 There was no inventory of finished goods on February 1 During the month, Jobs 773, 774, 776, 778 and 779 were started Matera's requisitions for February totaled P26.000, direct mobor cost, P20,000 and actual factory overhead. P32.000- Factory overhead is applied at a rate of 150% of direct labor cost. The only job still in process at the end of February is 779, with a materials cost of P2,800 and direct labor cost of P1 800 Job 776, the onlY finished rob on hand at tee end of the month, has a total cost of P4,000, how much is total cost of goods manufactured?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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how much is total cost of goods manufactured? A company uses job order costing, At the beginning of February, two jobs were in process:

                                         Job 769               Job 772

Materials                           P4.000                  P1.400

Direct labor                       7000                       600

Appled Factory Overhead  3,000                     900

There was no inventory of finished goods on February 1 During the month, Jobs 773, 774, 776, 778 and 779 were started Matera's requisitions for February totaled P26.000, direct mobor cost, P20,000 and actual factory overhead. P32.000- Factory overhead is applied at a rate of 150% of direct labor cost. The only job still in process at the end of February is 779, with a materials cost of P2,800 and direct labor cost of P1 800 Job 776, the onlY finished rob on hand at tee end of the month, has a total cost of P4,000, how much is total cost of goods manufactured? 

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