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Chicago Co. Chicago Co. manufactures custom-built conveyor systems for factory and commercial operations. The company uses job order costing system; overhead is applied based on
Chicago Co. Chicago Co. manufactures custom-built conveyor systems for factory and commercial operations. The company uses job order costing system; overhead is applied based on direct labor cost (rounded to two decimal places). The following job order cost record are available for July Direct Direct Total Job No. Materials Labor Applied OH Cost 667 P5,901 P1,730 P1,990 P9,621 669 18,312 1,810 2,082 22,204 670 406 500 575 1,481 671 51,405 9,500 10,925 71,830 672 9,615 550 633 10,798 The missing job number, Job 1668, was completed and remained unsold at June 30. It had a total production cost of P11,300 Job 1667 was the only job in process at the beginning of July. At that time, the job had been assigned P4, 300 for direct material and P900 for direct labor. At the end of July, Job #670 had not been completed; all others had Refer to Chicago Co. What was the total cost of beginning Work in Process inventory? Refer to Chicago Co. What was cost of goods manufactured for July * 0 Refer to Chicago Co. What was the cost of goods sold for July
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