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ZOOM + Problem 4 Assume the following information related to the Alexis Company for the month of November 2019, 0 0 0 ololo Job No.
ZOOM + Problem 4 Assume the following information related to the Alexis Company for the month of November 2019, 0 0 0 ololo Job No. 123 Job No. 124 Job No. 125 Job No. 126 In process, Nov. 1 Job No. 127 Materials P20,000 P30,000 P90,000 Labor P70,000 P40,000 P100,000 Overhead P84,000 P48,000 P120,000 Cost added in November Materials P70,000 P40,000 P60,000 P60,000 P60,000 Labor P80,000 P60,000 P100,000 P70,000 P70,000 Overhead ? ? ? 7 Actual overhead incurred in November amounted to P636,000. Job No. 123 and 124 were completed in November Job No. 124 remains unsold by the end of the month. Overhead is applied using a predetermined overhead rate. The overhead variance is allocated to Cost of Goods sold and the appropriate inventories. Given the following information, compute the following: 8. The cost of the Nov. 1 Work in process inventory 9. The amount of overhead applied to production in November assuming no change in the overhead rate used 10. The cost of the goods completed and transferred to finished goods inventory 11. The cost of Goods sold 12. The cost of the finished goods inventory ending 13. The cost of the November 30 work in process inventory
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