Reference no: EM132693503

As of September 1, 20C, there are two jobs in process with accumulated prime costs as follows:

Job 71: No. of units - 6,000, Direct materials - P5,000, Direct labor - P2,000.

Job 72: No. of units - 5,000, Direct materials - P4,000, Direct labor - P1,800.

Job 72 is special in nature because of its strict specifications. Factory overhead is charged at P.40 per unit and includes a P.03 provision for defective work.

The prime costs incurred in September are as follows:

Job 71: Direct materials - P3,000, Direct labor - 2,000;

Job 72: Direct materials - P5,000, Direct labor 3,000;

Job 75: No. of units - 3,000, Direct materials - P4,500, Direct labor - 2,000;

Job 76: No of units - 2,000, Direct materials - P2,500, Direct labor - 1,500.

Some units are found to have imperfections and the corresponding prime costs incurred in reprocessing are as follows: No. of units found with imperfections:

Job 71 - 50, Job 72 - 80, Job 75 - 40.

Prime costs in reprocessing:

Direct materials = Job 71 - P500, Job 72 - P1,500,

Job 75 - P300; Direct labor= Job 71 - 200,

Job 72 - 800, Job 75 - 100. Jobs 71, 72 and 75 were completed.

Problem 1: The units cost in each completed job must be: