Solution-Compute total manufacturing costs for June

Compute total manufacturing costs for June

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Reference no: EM132747519

Question - Perry Company manufactures wood file cabinets. The following information is available for June of the current year.

Beginning Ending

Raw Material Inventory P 6,000 P 7,500

Work in Process Inventory 17,300 11,700

Finished Goods Inventory 21,000 16,300

The direct labor rate is P9.60 per hour and overhead for the month was P9,600.

Required -

1. Compute total manufacturing costs for June, if there were 1,500 direct labor hours and P21,000 of raw material was purchased.

2. What are prime costs and conversion costs, respectively if there were 1,500 direct labor hours and P21,000 of raw material was purchased?

3. If there were 1,500 direct labor hours and P21,000 of raw material purchased, Cost of Goods Manufactured is:

4. If there were 1,500 direct labor hours and P21,000 of raw material purchased, how much is Cost of Goods Sold?

Reference no: EM132747519

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Compute total manufacturing costs for June

Reference no: EM132747519

Reference no: EM132747519

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