Put the following in the order of the flow of manufacturing costs for a company. Type the numerical answer from 1 to 8 in the box. Blank 1 - Selling of finished product Blank 2 - Materials requisitioned to jobs Blank 3 - Completed jobs moved to finished goods Blank 4 - Materials purchased Blank 5 - Closing under/over applied factory overhead to cost of goods sold Blank 6 - Factory overhead applied to jobs according to the predetermined overhead rate Blank 7 - Preparation of financial statements to determine gross profit Blank 8 - Factory labor used and factory overhead incurred in production Question 47 1 Point Materials purchased on account during the month amounted to P195,000. Materials requisitioned and placed in production totaled P168,000. From the following, select the entry to record the transaction on the day the materials were requisitioned by the production department. Work in Process 168,000 A Materials Work in Process B Cash Materials Work in Process Work in Process Materials 195,000 Question 48 1 Point On October 31, 2020, the bank approved the bank loan of XYZ Enterprises, P200,000. The principal amount and interest of 12% per annum is to be paid on October 31, 2021. How much is the accrued interest on December 31, 2020? A) P6,000 B) P18,000 CP24,000 D) P4,000 168,000 168,000 168,000 168,000 168,000 195,000 Question 41 The materials inventory shows the following: Purchased from supplier, P310,000 Cost of return materials not in good condition upon receipt, P10,000 Materials requisition, P100,000 How much is the ending balance of materials inventory? A P220,000 B) P420,000 P410,000 D) P200,000 E none of these