PROBLEM 15: The following quarterly cost data have been accumulated for NewDDDManufacturing, Inc.: Raw materials, 1/1/2022 10,000 units at P6.00 Purchases of raw materials 8,500 units at P7.00 11,000 units at P7.50 Raw materials transferred to work in process 21,500 units Work in process, 1/1/2022 5,600 units at P13.50 Direct labor P 250,000 Manufacturing overhead 325,000 Work in process, 3/31/2022 4,200 units at P13.75 If New Delhi uses the FIFO method for valuing raw materials inventories, compute for thecost of goods manufactured for the quarter ended March 31, 2022.
PROBLEM 15: The following quarterly cost data have been accumulated for NewDDDManufacturing, Inc.: Raw materials, 1/1/2022 10,000 units at P6.00 Purchases of raw materials 8,500 units at P7.00 11,000 units at P7.50 Raw materials transferred to work in process 21,500 units Work in process, 1/1/2022 5,600 units at P13.50 Direct labor P 250,000 Manufacturing overhead 325,000 Work in process, 3/31/2022 4,200 units at P13.75 If New Delhi uses the FIFO method for valuing raw materials inventories, compute for thecost of goods manufactured for the quarter ended March 31, 2022.
Chapter5: Process Costing
Section: Chapter Questions
Problem 4PB: During March, the following costs were charged to the manufacturing department: $22,500 for...
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PROBLEM 15: The following quarterly cost data have been accumulated for NewDDDManufacturing, Inc.:
Raw materials, 1/1/2022 10,000 units at P6.00
Purchases of raw materials 8,500 units at P7.00
11,000 units at P7.50
Raw materials transferred to
work in process 21,500 units
Work in process, 1/1/2022 5,600 units at P13.50
Direct labor P 250,000
Manufacturing overhead 325,000
Work in process, 3/31/2022 4,200 units at P13.75
- If New Delhi uses the FIFO method for valuing raw materials inventories, compute for thecost of goods manufactured for the quarter ended March 31, 2022.
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