Items 24 to 27 are based on the following information: Direct materials purchased P50,000 Ending direct materials inventory 35,000 Increase in work in process inventory 20,000 Cost of goods manufactured 120,000 Conversion costs 100,000

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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26.Determine the total manufacturing costs

27.What is the amount of direct materials used?

Items 24 to 27 are based on the following information:
Direct materials purchased
P50,000
Ending direct materials inventory
35,000
Increase in work in process inventory
20,000
Cost of goods manufactured
120,000
Conversion costs
100,000
Transcribed Image Text:Items 24 to 27 are based on the following information: Direct materials purchased P50,000 Ending direct materials inventory 35,000 Increase in work in process inventory 20,000 Cost of goods manufactured 120,000 Conversion costs 100,000
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