6. Y Corporation is a manufacturing company engaged in the production of asingle special product known as "Marvel". Production costs are accumulatedwith the use of a job-order-cost system.ausdrThe following information is available as of June 1, 20x1Work in ProcessDirect materials inventory.In analyzing the job-order cost sheets, the records disclosed that thecomposition of the work-in-process inventory on June 1, 2011 were asfollows:Direc materials used.Direct labor (900 hours)..........Factory overhead applied.*Cymuide!The following manufacturing activity occurred during the month of June 20x1:Pune For bPurchased direct materials costing P60,000Direct labor worked 9,900 hours at P5 per hourFactory overhead of P2.50 per direct labor hour was applied to production.P 10,71048,600At the end of June 20x1, the following information was gathered inconnection with the inventories:Inventory of work in process:Direct materials used.Direct labor (1,500hours).Factory overhead applied.000001Inventory of direct materials.Compute the cost of goods manufactured.a. P142,560c. P131,850P 3,9604,5002,250P10.710.....b. P118,350d. P108,600P12,9607,5003.750P24,210P51,000(PhilCPA)

Direct materials used = Beginning direct materials inventory + Purchases - Ending direct materials…

6. Y Corporation is a manufacturing company engaged in the production of a single special product known as "Marvel". Production costs are accumulated with the use of a job-order-cost system. The following information is available as of June 1, 20x1 Work in Process. Direct materials inventory. In analyzing the job-order cost sheets, the records disclosed that the composition of the work-in-process inventory on June 1, 2011 were as follows: Direc materials used... Direct labor (900 hours). Factory overhead applied. P 10,710 48,600 Inventory of work in process: 0 notanol Direct materials used. Direct labor (1,500hours). Factory overhead applied. The following manufacturing activity occurred during the month of June 20x1: Purchased direct materials costing P60,000 Direct labor worked 9,900 hours at P5 per hour Factory overhead of P2.50 per direct labor hour was applied to production. Inventory of direct materials. Compute the cost of goods manufactured. it At the end of June 20x1, the following information was gathered in connection with the inventories: a. P142,560 P 3,960 4,500 2,250 P10,710 b. P118,350 d. P108,600 P12,960 7,500 3.750 P24,210 P51,000 LIGRAY

6. Y Corporation is a manufacturing company engaged in the production of a single special product known as "Marvel". Production costs are accumulated with the use of a job-order-cost system. The following information is available as of June 1, 20x1 Work in Process. Direct materials inventory. In analyzing the job-order cost sheets, the records disclosed that the composition of the work-in-process inventory on June 1, 2011 were as follows: Direc materials used... Direct labor (900 hours). Factory overhead applied. P 10,710 48,600 Inventory of work in process: 0 notanol Direct materials used. Direct labor (1,500hours). Factory overhead applied. The following manufacturing activity occurred during the month of June 20x1: Purchased direct materials costing P60,000 Direct labor worked 9,900 hours at P5 per hour Factory overhead of P2.50 per direct labor hour was applied to production. Inventory of direct materials. Compute the cost of goods manufactured. it At the end of June 20x1, the following information was gathered in connection with the inventories: a. P142,560 P 3,960 4,500 2,250 P10,710 b. P118,350 d. P108,600 P12,960 7,500 3.750 P24,210 P51,000 LIGRAY

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 12PB: The following data summarize the operations during the year. Prepare a journal entry for each...

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Sterlings records show the work in process Inventory had a beginning balance of $4000 and an ending balance of $3,000. How much direct labor was incurred if the records also show :
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