Reference no: EM132788394
The following information is available for the Norte Company for the month of August.
Inventories Beginning Ending
Raw Material P 18,500 P I2,500
Work in Process 41,100 18,500
Finished Goods 29,500 15,500
Raw Material Purchases P220,000
Indirect Labor 21,200
Factory Supplies Used 1,000
Other Expenses:
Depr.-Factory Equipment 10,300
Utilities-Factory 5,000
Insurance-Office 25,500
Office Supplies Expense 1,900
Insurance-Factory 10,000
Depr. Office Equipment 5,000
Repair/Maintenance-Factory 7,000
Utilities-Sales 1,500
Direct Labor 315,000
Required:
Problem 1. Determine the total manufacturing cost
Problem 2. Cost of goods manufactured,
Problem 3. Cost of goods sold.