Solution-What direct material charged to job is

What direct material charged to job is

Reference no: EM132667027

The Grapes Company uses a job order cost accounting system. Overhead is applied to production at a predetermined rate based on direct labor cost.

The following postings appear in the ledger accounts of the company for the month of September, 2020:

Work in Process, Sept. 1 P30,000
Direct Materials 60,000
Factory Overhead 40,000
Direct Labor 50,000

On September 30, 2020, finished goods completed, from work in process cost P160,000. Job. No. 327 was the only job not completed in September, and it has been charged P4,600 for factory overhead.

Problem 1: Direct Material charged to Job No. 327 is

Reference no: EM132667027

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What direct material charged to job is

Reference no: EM132667027

Reference no: EM132667027

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