Question 26 2 pts PART 6. For June MLT Company had the following: materials purchases, P53, 000; depreciation of factory assets, P7, 000; cost of goods sold, P150, 000; expired insurance on factory assets, P2, 000; cost of goods available for sale, P190, 000; and total factory labor, P56, 000. Inventories were as follows June 30 000 Materials Work in Process June 1 P35,000 P50, 000 P50, P40, 000 General factory overhead of P13,000 was incurred in June; this figure includes all factory overhead except indirect labor, indirect materials, depreciation and insurance. Direct labor cost for the month was six times larger than indirect labor cost. The cost of indirect materials used was P2,000. The company uses a single materials account for direct and indirect materials. The amount of the Finished goods inventory, June 1 is Question 27 2 pts PART 6. For June MLT Company had the following: materials purchases, P53, 000; depreciation of factory assets, P7,000; cost of goods sold, P150, 000; expired insurance on factory assets, P2, 000; cost of goods available for sale, P190, 000; and total factory labor, P56,000. Inventories were as follows June 30 Materials 000 Work in Process June 1 P35,000 P50, 000 P50, P40, 000 General factory overhead of P13,000 was incurred in June; this figure includes all factory overhead except indirect labor, indirect materials, depreciation and insurance. Direct labor cost for the month was six times larger than indirect labor cost. The cost of indirect materials used was P2, 000. The company uses a single materials account for direct and indirect materials. 1. The direct materials used amounts to Question 28 PART 7. Brand Company manufactures computer stands. Cost of Goods Sold is P120, 000, the ending balance of Finished Goods Inventory is 80% less than its beginning balances. The Cost of Goods Manufactured is 60% of cost of goods sold. 1. What is the Total Goods available for sale? 2 Question 29 PART 7. Brand Company manufactures computer stands. Cost of Goods Sold is P120, 000, the ending balance of Finished Goods Inventory is 80% less than its beginning balances. The Cost of Goods Manufactured is 60% of cost of goods sold. 1. What is the beginning balance of Finished Goods Inventory? 2 Question 30 PART 8. The following information was taken from the records of PARIS Manufacturing Company: 500 Increase in Finished Goods Purchases P70, 000 200 Increase in work in process Direct labor P86,000 2 pts P30, P18, Decrease in raw materials P9, 000 Work in process, beginning P64, 000 Total costs placed in process P310, 000 Compute for 1. The amount of cost of goods sold