Question 13 (2 points) The following data are available about Mamita Company who uses job order cost system: 2017 Balances 2018 Balances 2019 Balances
Question 13 (2 points) The following data are available about Mamita Company who uses job order cost system: 2017 Balances 2018 Balances 2019 Balances Beginning materials inventory P100,000 ? P120,000 Ending materials inventory 150,000 ? 110,000 Beginning work in process 300,000 ? 180,000 inventory Ending work in process inventory 240,000 ? 210,000 Direct Labor P200,000 Manufacturing Overhead 400,000 300,000 Material purchases Required: Determine the cost of goods manufactured in 2018. Note: This item is worth two (2) points. Do NOT put peso sign. PUT comma. Question 14 (1 point) On December 1, Neil Company had the following inventories: materials, P60,000; work in process - P30,000; and finished goods - P90,000. During the month, materials purchases totaled P140,000. Direct Labor for December was P100,000, at a uniform wage of P6.40 per hour. Marketing and Administrative expenses for the month amounted to 10% of net sales. Inventories on December 31, were as follows: Materials, P50,000; Work in Process, P20,000; and Finished Goods, P100,000. Net sales for December totals P500,000. Factory overhead is applied @ P8.00 per direct labor hour. Determine the following: Note: Do NOT put peso sign. PUT comma. 1. Prime costs incurred for the month. Question 15 (1 point) 2. Conversion costs incurred for the month.
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