Reference no: EM132763380
Question - Perry Company manufactures wood file cabinets. The following information is available for June of the current year.
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Beginning
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Ending
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Raw Material Inventory
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P6,000
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P7,500
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Work in Process Inventory
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17,300
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11,700
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Finished Goods Inventory
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21,000
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16,300
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The direct labor rate is P9.60 per hour and overhead for the month was P9,600.
Required -
1. Compute total manufacturing costs for June, if there were 1,500 direct labor hours and P21,000 of raw material was purchased.
2. What are prime costs and conversion costs, respectively if there were 1,500 direct labor hours and P21,000 of raw material was purchased?
3. If there were 1,500 direct labor hours and P21,000 of raw material purchased, Cost of Goods Manufactured is?
4. If there were 1,500 direct labor hours and P21,000 of raw material purchased, how much is Cost of Goods Sold?
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