Find what would be the unit cost of the good coats produced

Reference no: EM132693481

Problem 1: Gondola Company's Job No. 205 (for the manufacture of 6,600 coats) was completed August, 20M at the following unit costs: Direct materials - P1,500, Direct labor - 1,000, Factory overhead (including allowance of P50 for spoiled work) - 500. Total = P3,000. Final inspection of Job No. 205 disclosed 600 spoiled costs. These were subsequently sold to a jobber for P600,000. Assuming that spoilage loss is charged to all production, what would be the unit cost of the good coats produced per Job No. 205?

Option 1: P2,900

Option 2: P2,950

Option 3: P3,000

Option 4: P3,150

Reference no: EM132693481

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