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Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost sheets: Direct Materials Direct Labor P6,000 8,000 Job 101 P3,000 2,500 Job 102 Amount charged to work-in-process for July 2019: Direct materials Direct labor P3,000 2,000 6,000 4,500 P1,000 Job 101 Job 102 Job 103 Job 104 1,500 2,600 2,000 Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are completed during the month. Cost of goods put into process must be: P26,860 P42,100 P45,400 P49,660

Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost sheets: Direct Materials Direct Labor P6,000 8,000 Job 101 P3,000 2,500 Job 102 Amount charged to work-in-process for July 2019: Direct materials Direct labor P3,000 2,000 6,000 4,500 P1,000 Job 101 Job 102 Job 103 Job 104 1,500 2,600 2,000 Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are completed during the month. Cost of goods put into process must be: P26,860 P42,100 P45,400 P49,660

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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Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost sheets: Direct Materials Direct Labor P3,000 2,500 Job 101 P6,000 8,000 Job 102 Amount charged to work-in-process for July 2019: Direct materials Direct labor P1,000 1,500 2,600 2,000 Job 101 P3,000 Job 102 Job 103 Job 104 2,000 6,000 4,500 Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are completed during the month. Cost of goods put into process must be: P26,860 P42,100 P45,400 P49,660
Transcribed Image Text:Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost sheets: Direct Materials Direct Labor P3,000 2,500 Job 101 P6,000 8,000 Job 102 Amount charged to work-in-process for July 2019: Direct materials Direct labor P1,000 1,500 2,600 2,000 Job 101 P3,000 Job 102 Job 103 Job 104 2,000 6,000 4,500 Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are completed during the month. Cost of goods put into process must be: P26,860 P42,100 P45,400 P49,660
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