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 Job 102 2,500 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 1õ1 and 103 are completed during the month. Cost of goods put into process must be:
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 Job 102 2,500 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 1õ1 and 103 are completed during the month. Cost of goods put into process must be:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem is already answered, I wanted to know where and how did the 60% of Factory

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
Job 101
P6,000
8,000
P3,000
2,500
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
2,000
6,000
4,500
Job 102
Job 103
Job 104
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:

Transcribed Image Text:Per cost sheets
Job 101
Job 102
P8,000
2,500
ТОTAL
14,000
5,500
3.300
Direct Materials
P6,000
Direct labor
Factory Overhead
3,000
1,800
10,800
1,500
TOTAL WORK IN PROCESS
12,000
22,800
Amount charged to Work in process for July of the current year:
Job 101
Job 102
Job 103
Job 104
Direct materials
4,500
2,000
1200
7.700
26,860
Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are
3,000
1,000
600
4.600
2,000
6,000
Direct labor
Factory OH (60%)
1,500
900
4.400
2,600
1560
ТОTAL
10.160
completed during the month.
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