Reference no: EM132738057

Donna Company submits the following data for May 2013

Direct labor cost P80, 000

Purchases P100, 000

Factory overhead Applied at 150% of direct labor cost

Inventories           May 1              May 31

Finished goods      P45, 000       P24, 000

Work in Process     P25, 800       P18, 000

Materials              P22, 000        P25, 000

Problem 1: How much is the adjusted COGS after closing the over or under applied overhead to the monthly cost of goods sold?

Problem 2: How much is the Company's Cost of goods sold?

Problem 3: How much is the direct materials used?

Problem 4: How much is the over or under applied overhead if the actual overhead is 100,000? Just put the amount (do not write if over or under)