Cloud Co. commenced its operations during the year. It used a single manufacturing overhead rate of 150% of direct labor costs. During the year, materials and direct labor costs were P75,000 and P60,000, respectively. Eighty percent of the job were completed during the year. The cost of goods sold amounted to P150,000. Total purchases amounted to P80,000.

Compute the cost of goods manufactured. *

Compute the finished goods inventory, end.

Compute the materials inventory, end.

Compute the work in process inventory, end.

Suns Co. manufactures diamond tipped cutting blades. The total manufacturing cost of one blade is P1,000, of which P600 is the conversion cost. The direct labor cost of a blade is 60% of the cost of the direct materials cost.

Compute the direct materials cost per blade.

Compute the factory overhead cost per blade.

Compute the direct labor cost per blade.