Kaypee Corporation is a local manufacturer that uses job-order costing. Manufacturing overhead is applied using a predetermined rate based on direct labor cost. The cost ledger shows the following information for the month of August. Work in process Inventory Debit Credit Balance, Aug 1 P250,000 Materials used 120,000 Direct labor 100,000 Applied FOH 80,000 Goods Manufactured P296,000 Kaypee had three outstanding jobs in ending work in process that are expected to be delivered in the following month: Job #108 with direct materials of P35,000 and direct labor of P20,000 Job # 109 with direct materials of P45,000 and direct labor of P25,000 Job #110 with applied overhead of P28,000. -What is the total cost of Job #108? -What was the total cost of Job # 109? -What was the total cost of Job # 110?
Kaypee Corporation is a local manufacturer that uses job-order costing. Manufacturing
Work in process Inventory
Debit Credit
Balance, Aug 1 P250,000
Materials used 120,000
Direct labor 100,000
Applied FOH 80,000
Goods Manufactured P296,000
Kaypee had three outstanding jobs in ending work in process that are expected to be delivered in the following month:
Job #108 with direct materials of P35,000 and direct labor of P20,000
Job # 109 with direct materials of P45,000 and direct labor of P25,000
Job #110 with applied overhead of P28,000.
-What is the total
-What was the total cost of Job # 109?
-What was the total cost of Job # 110?
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