The following data were taken from the records of Westbrooks Company:INVENTORIES Aug. 31, 2020 Sept. 30, 2020Raw Materials₱00?₱50,000Work-in-Process₱80,000₱95,000Finished Goods₱60,000₱78,000Additional Information:Raw materials purchased ₱46,000Factory overhead, 75% of direct labor cost ₱63,000Selling and administrative expenses, 12.5% of sales ₱25,000Net Income for September 2020 ₱25,000What is the total manufacturing cost.. Show solutionGroup of answer choices₱183,000₱200,000₱150,000₱168,000

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Answered: The following data were taken from the…

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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The following data were taken from the records of Westbrooks Company:

INVENTORIES	Aug. 31, 2020	Sept. 30, 2020
Raw Materials	₱00?	₱50,000
Work-in-Process	₱80,000	₱95,000
Finished Goods	₱60,000	₱78,000

Additional Information:

Raw materials purchased	₱46,000
Factory overhead, 75% of direct labor cost	₱63,000
Selling and administrative expenses, 12.5% of sales	₱25,000
Net Income for September 2020	₱25,000

What is the total manufacturing cost.. Show solution

Group of answer choices

₱183,000

₱200,000

₱150,000

₱168,000

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