The following information was taken from the record of Anton Manufacturing Inc.: Increase in finished goods, P100,000; Increase in work in process, P110,000; Decrease in raw materials P96,000; Total cost placed in process, P5,000,000; Materials purchases, P960,000; Direct labor, P880,000; Work in process, beg. P1,600,000. How much factory overhead was applied to production?

The following information was taken from the record of Anton Manufacturing Inc.: Increase in finished goods, P100,000; Increase in work in process, P110,000; Decrease in raw materials P96,000; Total cost placed in process, P5,000,000; Materials purchases, P960,000; Direct labor, P880,000; Work in process, beg. P1,600,000. How much factory overhead was applied to production?

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 information was taken from the record of Anton Manufacturing Inc.: Increase in finished goods, P100,000; Increase in work process, P110,000; Decrease in raw materials P96,00O; Total cost placed in process, P5,000,000; Materials purchases, P960,000; Direct labor, P880,000; Work in process, beg. P1,600,000. How much factory in overhead was applied to production? * Your answer
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