Reference no: EM133180132

Question - EPHI manufactures mailboxes and the company applied actual costing method. The following data represent transactions and balances for December 2020, the company first month of operations with an ending work in process inventory of 5,000 units, ending finished goods inventory of 5,000 units and selling price of P22.00 per unit:

Purchased direct materials on account	P286,000
Accrued direct labor payroll	134,000
Paid factory rent	3,600
Accrued factory utilities	16,200
Recorded factory equipment depreciation	15,800
Paid factory supervisor salary	6,400
Ending direct materials inventory	62,000
Ending work in process inventory	32,000
Ending finished goods inventory	?
Sales on account	594,000

1. How many units were completed in December?

A. 35,000

B. 27,000

C. 25,000

D. 32,000

2. What was the total cost of goods manufactured?

A. P362,000

B. P342,000

C. P368,000

D. P332,000

3. What was the per-unit cost of goods manufactured in December?

A. P13.41

B. P11.50

C. P13.50

D. P11.22