The B Company provides the following data for 2016: Beginning Ending Inventories: Raw Materials P12.000 P13.500 Work in Process 15.100 17.600 21.200 Finished Goods 19,500 Operating Data: Cost of Goods Manufactured 151.700 Direct Labor Cost 50,000 Factory overhead cost (utilities only) 62.500 Indirect Material cost 5,000 Consisting the both direct and indirect materials The cost of materials purchases for 2016 is O P36,700 O P43.200 O P33.200 O P38.200

The B Company provides the following data for 2016: Beginning Ending Inventories: Raw Materials P12.000 P13.500 Work in Process 15.100 17.600 21.200 Finished Goods 19,500 Operating Data: Cost of Goods Manufactured 151.700 Direct Labor Cost 50,000 Factory overhead cost (utilities only) 62.500 Indirect Material cost 5,000 Consisting the both direct and indirect materials The cost of materials purchases for 2016 is O P36,700 O P43.200 O P33.200 O P38.200

Name: The B Company provides the following data for 2016:BeginningEndingInv
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Description: The B Company provides the following data for 2016:BeginningEndingInventories:Raw MaterialsP12.000P13.500Work in Process15.10017.600Finished Goods19,50021.200Operating Data:Cost of Goods Manufactured151,700Direct Labor Cost50,000Factory overhead cos

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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Required16. Indirect materials used.17. Indirect labor18. Total factory overhead
h8
The following cost data relate to ABC Products Company for the year ended June 30, 2005. Direct Materials Br. 55, 600 Direct Labor 72,400 Factory Overhead 36,500 Work in process inventory, July 1, 2004 38,200 Work in process inventory, June 30, 2005 34,800 Required: 1. Calculate the manufacturing costs for the year. 2. Calculate the cost of goods manufactured for the year ended June 30, 2005.
he following information is obtained from the company’s records for 2014:a. Total manufacturing costs, P8,000,000b. Cost of finished goods manufactured, P7,920,000c. Manufacturing overhead applied, P3,600,000d. Manufacturing overhead was applied to production at a rate of 200% of direct laborcostse. The peso amount of work in process inventory on January 1, 2014 was P320,000.What is the peso amount of work in process inventory on December 31, 2014?a. P400,000b. P800,000c. P500,000d. P320,000
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