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kindly refer to the photos attached. Instructions: Supply the answer supported by computations in good rm using your worksheet. - Problem 1-1. Bayo Dress Shop

kindly refer to the photos attached.

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Instructions: Supply the answer supported by computations in good rm using your worksheet. - Problem 1-1. Bayo Dress Shop makes evening dresses. The following information has been gathered from the company records of 2019, the rst year of company Operations. Work in Process Inventory at the end of the year was P100,000. Raw materials purchased on account, of which only P2,350,000 75% were paid during the year. Raw materials issued to production, of which 25% is 1,940,000 indirect materials ' Accrued factory payroll (80% is direct labor) 1,350,000 Depreciation of sewing and computer equipment 80,000 Utilities paid ' ' 320,000 Factory insurance expired 17,500 Factory rent including P550000 deposit 960,000 Bayo Dress Shop applies actual overhead to production. A) Determine the following: 1) The total factory costs for the period. 2) Cost of goods manufactured for the year. 3) Gross profit assuming 75%% of the production is sold at a gross profit rate of 35% B) Following the flow of cost, give all the entries required to record the above transactions

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