Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please add required no. 4 cost of Good sold Monde turg Operations 1441 NAME SECTION: SCORE: PROFESSOR problem #1 Dost of Goods Manufactured in addition

image text in transcribed

please add required no. 4 cost of Good sold

Monde turg Operations 1441 NAME SECTION: SCORE: PROFESSOR problem #1 Dost of Goods Manufactured in addition to the year end statement of financial position and income statement the management of Esterlina Gevera Company required the contraller to prepare the statement of cost of goods manufactured. During 2018, P361,920 of raw materials were purchased Operating cost data and inventory account balances for 2018 Follow Direct Labor (10,430 hours at P5.50 per hour Plant Supervision Indirect Laher (20.780 hours at 76.25 per hour By Factory Insurance W Factory unities Depreciation --Factory Building Depreciation Factory Equipment Manufacturing Supplies Repairs and Maintenance Selling and Administrative Expenses Raw Materials inventory, Jan 1, 2018 Work in Process inwentary, Ian 1. 2018 Finished Goods Inventory, lan 1, 2018 Raw Materials inventory, Dec. 21, 2018 Work in Process inventory, Dec 11, 2018 Finished Goods Inventory. Dec 31, 2018 P 99,085 42,500 126,250 8100 29,220 46,300 $2,800 9,460 14,90 76.480 26.490 101 640 148,290 24 910 100,000 141.100 Required 1. Compute the cost of direct materials used during the year. 2. Compute the total manufacturing costs for the year. 3. Compute the cost of goods manufactured during the year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Rethinking Public Private Partnerships

Authors: Mervyn K. Lewis

1st Edition

1789906393, 9781789906394

More Books

Students also viewed these Accounting questions

Question

Express each of the following as a percent. 0.225

Answered: 1 week ago