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How much is the company cost of goods sold

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Reference no: EM132797216

Question - 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

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

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

How much is the direct materials used?

How much is the over or under applied overhead if the actual overhead is 100,000?

Reference no: EM132797216

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