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Data about Maritz Company's production and inventories for the month of June are as follows: Purchases - Direct materials P143, 440 Freight-in P5,000 Purchase returns
Data about Maritz Company's production and inventories for the month of June are as follows: Purchases - Direct materials P143, 440 Freight-in P5,000 Purchase returns and allowances P2, 440 Direct labor P175,000 Actual factory overhead P120,000 Inventories: Finished goods P68,000 P56,000 Work in Process P110,000 P135,000 Direct materials P52,000 P44,000 Maritz Company applies factory overhead to production at 80% of direct labor cost. Over or under applied overhead is closed to cost of goods sold at year-end. The company's accounting period is on the calendar year basis. 33. Maritz Company's prime cost for June was 34. Maritz Company's conversion cost for June was 35. For the month of June, Maritz Company's total manufacturing cost was 36. For June, Maritz Company's cost of goods transferred to the finished goods inventory account was 37. Maritz Company's cost of goods sold for June was 38. The journal entry for adjustment of cost of goods sold is 39. The amount of over/under applied overhead factory for the month of June was 40. The cost of goods sold for the month of June should be increased (decreased) by the amount of over/under applied factory overhead of =
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