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NIKE Inc. has completed the Job 101, containing 1,100 shoes, during 2016 at the following unit cost: Direct materials 2,000 Direct labor 1,000 Factory overhead (including an allowance of P300 for spoiled work) 1,300 Final inspection of Job 101 disclosed 100 spoiled shoes which were sold to a department for P200,000. 1. What is the unit cost of good shoes produced on Job 101 if spoilage loss is charged to all production? A. 4,000 B. 4,100 C. 4,400 D. 4,300 2. What is the unit cost of good shoes produced on Job 101 if spoilage loss is charged to specific Job 101? A. 4,300 B. 4,000 C. 4,500 D. 4,200

NIKE Inc. has completed the Job 101, containing 1,100 shoes, during 2016 at the following unit cost: Direct materials 2,000 Direct labor 1,000 Factory overhead (including an allowance of P300 for spoiled work) 1,300 Final inspection of Job 101 disclosed 100 spoiled shoes which were sold to a department for P200,000. 1. What is the unit cost of good shoes produced on Job 101 if spoilage loss is charged to all production? A. 4,000 B. 4,100 C. 4,400 D. 4,300 2. What is the unit cost of good shoes produced on Job 101 if spoilage loss is charged to specific Job 101? A. 4,300 B. 4,000 C. 4,500 D. 4,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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NIKE Inc. has completed the Job 101, containing 1,100 shoes, during 2016 at the following unit cost:
Direct materials 2,000
Direct labor 1,000
Factory overhead (including an allowance of P300 for spoiled work) 1,300

Final inspection of Job 101 disclosed 100 spoiled shoes which were sold to a department for P200,000.
1. What is the unit cost of good shoes produced on Job 101 if spoilage loss is charged to all
production?
A. 4,000
B. 4,100
C. 4,400
D. 4,300
2. What is the unit cost of good shoes produced on Job 101 if spoilage loss is charged to specific
Job 101?
A. 4,300
B. 4,000
C. 4,500
D. 4,200

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