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Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost sheets: Direct Materials Direct Labor P6,000 Job 101 P3,000 Job 102 8,000 2,500 Amount charged to work-in-process for July 2019: Direct materials Direct labor P1,000 Job 101 P3,000 Job 102 Job 103 Job 104 2,000 6,000 4,500 1,500 2,600 2,000 Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are sompl ated during the month

Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost sheets: Direct Materials Direct Labor P6,000 Job 101 P3,000 Job 102 8,000 2,500 Amount charged to work-in-process for July 2019: Direct materials Direct labor P1,000 Job 101 P3,000 Job 102 Job 103 Job 104 2,000 6,000 4,500 1,500 2,600 2,000 Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are sompl ated during the month

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost sheets: Direct Materials Direct Labor Job 101 P6,000 8,000 P3,000 2,500 Job 102 Amount charged to work-in-process for July 2019: Direct materials Direct labor P1,000 1,500 2,600 2,000 Job 101 P3,000 2,000 6,000 4,500 Job 102 Job 103 Job 104 Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are completed during the month. Cost of goods put into process must be:
Transcribed Image Text:Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost sheets: Direct Materials Direct Labor Job 101 P6,000 8,000 P3,000 2,500 Job 102 Amount charged to work-in-process for July 2019: Direct materials Direct labor P1,000 1,500 2,600 2,000 Job 101 P3,000 2,000 6,000 4,500 Job 102 Job 103 Job 104 Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are completed during the month. Cost of goods put into process must be:
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