This problem is for questions A To E.

The following ledgers were taken from Yakang-Yaka CO. as of December 31, 2021:

Raw Materials Inventory

DR | CR

Jan. 1 Bal. 10,000 | 110,000 DM

Purchases ? | ? IDM

|

? | ?

---------------------------|----------------------------------- Dec. 31 ? |

==========

Work in Process

DR | CR

Jan. 1 Bal. 50,000 | ?

DM ? |

DL ? |

FOH ? |

|

? | ?

|

Dec. 31 30,000 | ======

Additional data were gathered for you to complete the preparation of the income statement with a schedule of the cost of goods manufactured:

1. Raw materials inventory on December 31 increased by 50%

2. Indirect materials used were 10% of the cost of goods manufactured.

3. Cash sales (40% of the total sales) P150,400

4. Gross Profit on cost is 60%.

5. Finished goods Jan. 1 P20,000

6. Finished goods on Dec. 31 increased by 75%.

7. Factory overhead is 1/3 of direct labor.

Based on the above information compute the following from questions A to E:

A. How much is the purchases of Yakang-Yaka?

B. How much is the direct labor costs of Yakang-Yaka for 2021?

C. How much is the cost of goods manufactured of Yakang-Yaka for 2021?

D. How much is the total goods placed in process of Yakang-Yaka for 2021?

E. How much is the cost of goods sold of Yakang-Yaka for 2021?