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D. Information concerning Zian Company's manufacturing activities for November follows: Finished Goods Direct materials Direct Labor Machine Time Work in Process Direct materials, P2.40 per
D. Information concerning Zian Company's manufacturing activities for November follows: Finished Goods Direct materials Direct Labor Machine Time Work in Process Direct materials, P2.40 per unit Direct Labor, P0.80 per unit Machine Time Materials Inventories November 1, 2020 November 30, 2020 P30,000 P 12,500 P 7,500 150 hours 7,500 units 5,000 units 120 hours P20,000 80 hours P16,250 Total factory costs in November was P450,000, of which P75,000 was direct labor cost. A total of 600 machine hours were used for the month. The company uses a predetermined overhead rate of P100 per machine hour in assigning factory overhead to Work in Process and Finished Goods inventories. Materials purchased in November were P217,500 and Freight-In on these purchases totaled P3,750. Compute the: 11. Cost of Materials used for the month is 12. Work in Process at November 30 is 13. November cost of goods manufactured is 14. Finished Goods Inventory at November 30 is 15. November Cost of Goods Sold is
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