b. It will goods sold of goods sold covered by the job order the net income as when it is credited to cost of c. It will have no effect on the net income d. It will increase the unit cost of the items covered by the job order. Exercise 3: Multiple Choice - Computations For numbers 1 to 3 furniture covered by Job Order No. 0034 for 200 units cabinets, Job Order No. Job Excellent Furniture Co., Inc. is a manufacturer of customized furniture. It has sold Order No. 0035 for 800 wooden chairs and Job Order No. 0036 for 600 tables with a while the other two had equal costs. The policy of the company is to sell it products at total cost of P2,400,000. The cost of Job Order No. 0034 was one fourth of this cost 25% margin for all of its products. Job Order No. 0034 was already completed at the beginning of the period while Job Order No. 0035 was already for packing at the start of the period. There were no work in process and finished goods ending inventories at the end of the period. Job Order No. 0036 was started and completed during the period. 1. What were the costs of each job? Job Order 0034 Job Order 0035 Job Order 0036 a. P700,000 P850,000 b. P600,000 P900,000 C. P900,000 P750,000 d. P800,000 P800,000 P850,000 P900,000 P750,000 P800,000 2. How much cost was added during the month? a. P900,000 b. P800,000 C. P700,000 d. P600,000 3. How much was the beginning work in process inventory? a. P800,000 b. P700,000 C. P600,000 161