Chapter $4$ Job Order Costing

Problem $11$

The following T$-$accounts from the records of San Miguel Company have

incomplete postings. However, the amounts shown therein are correct:

Cost of goods sold

Factory overhead control

$4\mathrm{.}200$

$4\mathrm{.}200$

Factory overhead applied

Additional information:

a$.$ The debit of $P15,000$ to work in process represents direct materials issued

for the month.

b$.$ Factory overhead is applied at a rate of $P0\mathrm{.}50$ per direct labor hour.

c$.$ Work ticket for the month totaled $10,000$ direct labor hours. Factory

workers receive P$1\mathrm{.}00$ per hour.

Required: Compute for the following

Direct materials inventory, end

Direct labor charged to production

Defective materials returned to suppliers

Work in process inventory, end

Finished goods inventory, end

Cost of goods sold