Question
Donna Company submits the following data for May 2013 Direct labor cost P180, 000 Purchases P200, 000 Factory overhead Applied at 120% of direct labor
Donna Company submits the following data for May 2013
Direct labor cost P180, 000
Purchases P200, 000
Factory overhead Applied at 120% of direct labor cost
Inventories May 1 May 31
Finished goods P85, 000 P24, 000
Work in Process P25, 800 P18, 000
Materials P22, 000 P25, 000
How much is the adjusted COGS after closing the over or under applied overhead to the monthly cost of goods sold?
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Cost Benefit Analysis Concepts And Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th Edition
