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What is the total cost of Job #108?

What is the total cost of Job #108?

FINANCIAL ACCOUNTING
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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24. Kaypee Corporation is a local manufacturer that uses a job order costing. Manufacturing overhead is applied using a predtermined rate based on direct labor cost. The cost ledger shows the following information for the month of August. Work in process Inventory Credit P250,000 120,000 100,000 80,000 Debit Balance, Aug 1 Materials used Direct labor Applied FOH Goods Manufactured P296,000 Kaypee had three outstanding jobs in ending work in process that are expected to be delivered in the following month: Job #108 with direct materials of P35,000 and direct labor of P20,000 Job # 109 with direct materials of P45,000 and direct labor of P25,000 Job #110 with applied overhead of P28,000. What is the total cost of Job #108?
Transcribed Image Text:24. Kaypee Corporation is a local manufacturer that uses a job order costing. Manufacturing overhead is applied using a predtermined rate based on direct labor cost. The cost ledger shows the following information for the month of August. Work in process Inventory Credit P250,000 120,000 100,000 80,000 Debit Balance, Aug 1 Materials used Direct labor Applied FOH Goods Manufactured P296,000 Kaypee had three outstanding jobs in ending work in process that are expected to be delivered in the following month: Job #108 with direct materials of P35,000 and direct labor of P20,000 Job # 109 with direct materials of P45,000 and direct labor of P25,000 Job #110 with applied overhead of P28,000. What is the total cost of Job #108?
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