Alice Co. uses job order cost accumulation and applies overhead based on direct labor hours. Any underapplied or overapplied overhead is adjusted directly to Cost of Goods Sold at the end of each month. On April 1, job cost sheets indicated the following:

Other information:

a. On April 30, the only jobs still in process were 203 and 206.

b. All workers are paid P20 per hour. Wage rates have been stable throughout the year.

c. Alice maintains only one raw materials account (Materials Control) from which it issues both direct and indirect materials. The balance in this account was P2,750 on April 1.

d. All sales are billed on account at 150% of total cost.

e. Other items in April:

Depreciation factory equipment: P1,375

Raw materials purchased : 11,500

Indirect labor: 2,500

Factory rent and utilities: 2,700

Indirect materials used: 2,790

REQUIRED:

a. Determine the amount Material end inventory.

b. Determine the amount of Work in Process inventory end.

c. Compute for Cost of goods manufactured.

d. How much is the over or underapplied FOH?

e. How much is the gross profit?

f. How much is the cost of finished goods inventory end?

Direct materials Direct labor Applied overhead Total Cost Job status Job 201 Job 202 Job 203 Job 204 P3,590 P2,000 P1,480 P2,000 2,700 1,500 1,000 1,200 2,160 1,200 P8.450 Finished P4.700 800 P3.280 In process In process 960 P4.160 In process On April 30, finished goods contained only Jobs 204 and 207, which had the following total costs. Direct materials Direct labor Applied overhead Total cost Job 204 P2,970 2,200 1,760 6.930 Job 207 P2,450 1,900 1,520 Besides working on Jobs 204 and 207 in April, Alice continued work on Jobs 202 and 203 and started work on Jobs 205 and 206. A summary of direct materials used and direct labor hours worked on Jobs 202,203,205 and 206 during April showed the following: Direct materials Direct labor hours Job 202 P1,250 100 Job 203 Job 205 Job 206 P555 P2,500 P1,980 751 105 50l