Manuel's cost of goods sold for the year is a. P257,000 b. P260,500 C. P261,000 d. P269,500 499
Manuel's cost of goods sold for the year is a. P257,000 b. P260,500 C. P261,000 d. P269,500 499
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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![41. Samuel Manuel Co., a manufacturer, had inventories at the beginning and
end of its current year as follows:
Beginning
P11,000
20,000
12,500
End
Raw materials
P15,000
24,000
9,000
Work in process
Finished goods
During the year, the following costs and expenses were incurred:
P 150,000
60,000
30,000
10,000
7,500
20,000
12,000
Raw materials purchased
Direct labor cost
Indirect factory labor
Taxes and depreciation on factory building
Taxes and depreciation on sales room and office
Sales salaries
Office salaries
Utilities (60% applicable to factory, 20% to
sales room, and 20% to office)
25,000
Manuel's cost of goods sold for the year is
P257,000
a.
b. P260,500
C. P261,000
d. P269,500
499](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe66dc6ab-7269-46e4-aba5-ab4d15bc38b7%2F24a4493f-30b5-4fb4-b364-b24da20d0eb8%2Fub6wy7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:41. Samuel Manuel Co., a manufacturer, had inventories at the beginning and
end of its current year as follows:
Beginning
P11,000
20,000
12,500
End
Raw materials
P15,000
24,000
9,000
Work in process
Finished goods
During the year, the following costs and expenses were incurred:
P 150,000
60,000
30,000
10,000
7,500
20,000
12,000
Raw materials purchased
Direct labor cost
Indirect factory labor
Taxes and depreciation on factory building
Taxes and depreciation on sales room and office
Sales salaries
Office salaries
Utilities (60% applicable to factory, 20% to
sales room, and 20% to office)
25,000
Manuel's cost of goods sold for the year is
P257,000
a.
b. P260,500
C. P261,000
d. P269,500
499
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