FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Inventories: March 1 March 31
Raw material P18,000 P15,000
Work in process 9,000 6,000
Finished goods 27,000 36,000
Additional information for March:
Raw material purchased P42,000
Direct labor payroll 30,000
Direct labor rate per hour 7.50
Overhead rate per direct labor hour 10.00
Required
a. prime cost incurred
b.conversion cost incurred
c. Cost of Goods Manufactured
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