The management of XYZ Corporation has asked you in the preparation of some key reports for the month of September. The beg. balance in the raw materials inventory account was Php40,000.00. During the month the company purchased Php 89,000.00 of raw materials and used Php77,000 raw materials to production. Direct Labor cost was Php4,000.00 and Manufacturing Overhead was Php91,000.00. The beg. Balance in the Work-in-Process Inventory account was PHp44,000.00 and the ending balance is Php39,000.00. The beg. Balance in the Finished Goods Inventory Account was Php73,000.00 and the ending balance is Php78,000.00. Salary of Salespersons was Php40,000.00 and Administrative Expense was Php55,000.00. 1. Calculate the Prime Cost 2. Calculate the Conversion Cost 3. Calculate the Total Manufacturing Cost

The management of XYZ Corporation has asked you in the preparation of some key reports for the month of September. The beg. balance in the raw materials inventory account was Php40,000.00. During the month the company purchased Php 89,000.00 of raw materials and used Php77,000 raw materials to production. Direct Labor cost was Php4,000.00 and Manufacturing Overhead was Php91,000.00. The beg. Balance in the Work-in-Process Inventory account was PHp44,000.00 and the ending balance is Php39,000.00. The beg. Balance in the Finished Goods Inventory Account was Php73,000.00 and the ending balance is Php78,000.00. Salary of Salespersons was Php40,000.00 and Administrative Expense was Php55,000.00. 1. Calculate the Prime Cost 2. Calculate the Conversion Cost 3. Calculate the Total Manufacturing Cost

Name: Problem No. 7The management of XYZ Corporation has asked you in the p
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Description: Problem No. 7The management of XYZ Corporation has asked you in the preparation of some key reports for the monthof September. The beg. balance in the raw materials inventory account was Php40,000.00. During the monththe company purchased Php 89,000

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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