The cost of goods manufactured for February was:

Total manufacturing cost for February

The total cost of direct materials transferred out from Materials inventory account for February was

The Total cost of goods put into production for February was

Problem 2 Hamilton Company uses a job order costing. Factory overhead is applied to production at a predetermined overhead rate of 150% of direct labor costs. Any overapplied or underapplied factory overhead is closed to cost of Goods Sold account at the end of the month. Additional information is available as follows: hob 101 was the only job in process at January 31, 2007 with accumulated costs as follows: Direct materials P4,000 P2,000 Direct Labor Factory overhead Applied P3,000 Jobs 102, 103, and 104 were started during February. Direct materials requisitions for February totaled P26,000. Direct Labor costs of P20,000 were incurred for February. Actual factory overhead was P32,000 for February. The only job still in process at the end of February was Job 104, with costs of P2,800 for direct materials and P1,800 for direct labor