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The An invoice for Pepito, Lando, and Benito is received from WACO COMPANY. Invoice totals are: Pepito, P11,250; Lando, P13,500; and Benito, P15,750. freight




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The An invoice for Pepito, Lando, and Benito is received from WACO COMPANY. Invoice totals are: Pepito, P11,250; Lando, P13,500; and Benito, P15,750. freight charges on this shipment of 1,800 pounds total P1,620. Weights for the respective materials are 450, 600, and 750 pounds. REQUIRED: 1. Allocate freight to materials, based on invoice cost. 2. Allocate freight to materials, based on shipping weight. SHARLENE INDUSTRIES, INC. records records incoming materials at invoice price less cash discounts, plus applied receiving and handling costs. For Product Zingo, the following data are available: Freight in and cartage in... Purchasing Department cost Receiving Department cost......... Storage and handling. Budgeted for the month ......... P5,000...... ........... 9,200.......... Actual cost for the month .......P5,160 ...... 9,000 ....... 7,800........... .... 8,400 ...... 8,400........... ..... 7,600 Testing, spoilage and rejects.............. 5,600............ ..... 6,240 Totals........ ..... P36,000........................P36,400 The purchasing budget shows estimated net purchases of P288,000 for the month. Actual invoices net of discounts total P297,000 for the month.

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