What is the cost of goods manufactured during the year? *

1 point

An entity employs actual costing for its production. An entity provided the following data concerning its production during the year.

Decrease in direct materials during the year P500.000

Labor cost during the year 400,000

Actual factory overhead during the year 300,000

Increase in work in process during the year 200,000

Decrease in finished goods during the year 100,000

P1,200,000

P1,000,000

P1,400,000

P1,100,000

What is the total manufacturing cost during the year? *

1 point

P1,560,000

P1,500,000

P1,640,000

P1,740,000

What is the cost of goods manufactured during the year? *

1 point

P2,040,000

P1,860,000

P1,940,000

P1,800,000

Option 5

What is the over or under application of overhead? *

1 point

P60,000 over application

P140,000 under application

P40,000 under application

P160,000 over application

What is the adjusted costs of goods sold during the year? *

1 point

P2,200,000

P2,194,424

P2,183,220

P2,192,481