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The work in process account of Malinta Company, which uses job order cost system, follows: April 1 balance Work in process P25.000 Finished goods
The work in process account of Malinta Company, which uses job order cost system, follows: April 1 balance Work in process P25.000 Finished goods P125.450 Direct materials 50.000 Direct labor 40,000 Overhead applied 30,000 Overhead is applied to production at a predetermined rate based on direct labor cost. The work in process April 30 represents costs of Job 456, which has been charged direct labor cost of P3,000 and Job 789 which has been charged with applied overhead of P2,400. The cost of direct materials charged to Job 456 and 789 amounted to:
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Given Information Work in process April 1 balance P25000 Finished goods P125450 Direct materials P50...Get Instant Access to Expert-Tailored Solutions
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