The Work in Process inventory account of Joseph Company showed: Werk in Process Inventory P220,000 I Finished Goods P680,000 370,000 I 555.000 I Materials Direct labor Factory overhead ' Materials charged to the one job still in process amounted to P50,000. Factory overhead is applied as a predetermined percentage of direct labor cost. 19. Refer to Joseph Company. What is the amount of direct labor cost in Finished Goods? a PI70,000 b. P510,000 c. P204,000 d. P306,000 20. Refer to Joseph Company. What is the amount of factory overhead cost in Finished Goods? a P170,000 b. PS10,000 c. P204,000 d. P306,000
The Work in Process inventory account of Joseph Company showed: Werk in Process Inventory P220,000 I Finished Goods P680,000 370,000 I 555.000 I Materials Direct labor Factory overhead ' Materials charged to the one job still in process amounted to P50,000. Factory overhead is applied as a predetermined percentage of direct labor cost. 19. Refer to Joseph Company. What is the amount of direct labor cost in Finished Goods? a PI70,000 b. P510,000 c. P204,000 d. P306,000 20. Refer to Joseph Company. What is the amount of factory overhead cost in Finished Goods? a P170,000 b. PS10,000 c. P204,000 d. P306,000
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The Work in Process inventory account of Joseph Company showed:
Materials
Direct labor
Work in Process Inventory
P220,000 I Finished Goods P680,000
370,000 I
Factory overhead
555.000 I
Materials charged to the one job still in process amounted to P50,000. Factory overhead is applied as a
predetermined percentage of direct labor cost.
19. Refer to Joseph Company. What is the amount of direct labor cost in Finished Goods?
a. P170,000
Б. Р510,000
c. P204,000
d. P306,000
20. Refer to Joseph Company. What is the amount of factory overhead cost in Finished Goods?
a. P170,000
b. P510,000
c. P204,000
d. P306,000
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