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Green Piece Company manufactures wood file cabinets. The following information is available for June 2016.
Beginning Ending
Raw Material P6,000 P7,500
Work in Process Inventory 17,300 11,700
Finished goods Inventory 21,000 16,300
Problem 1: Direct labor is P9.60 per hour and overhead for the month was P9,600. Compute total manufacturing costs for June, if there were 1,500 direct labor hours and P21,000 of raw material was purchased.
a. P58,500
b. P46,500
c. P43,500
d. P43,100
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