The cost of direct materials charged to Jobs 106 and 107 was

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kabisado Co. employs the JO cost system. Relevant data for the month just ended are summarized below. (refer to image) Ending work in process referred to Job 106 which was charged with direct labor of P 12,000 and Job 107 charged with overhead of P9,600. The cost of direct materials charged to Jobs 106 and 107 was *

a. P 34,800

b. P 16,800

c. P 56,600

d. P 36,000

WIP, Beginning
P 100,000
Direct materials for the month
200,000
Direct labor costs for the month
160,000
Overhead applied based on direct labor
120,000
Cost of goods manufactured and completed
501,800
Transcribed Image Text:WIP, Beginning P 100,000 Direct materials for the month 200,000 Direct labor costs for the month 160,000 Overhead applied based on direct labor 120,000 Cost of goods manufactured and completed 501,800
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