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.