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What is the amount of cost of goods manufactured

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Reference no: EM133171027

Question - ALCOGIN CORP inventories for the month of March were as follows:

 

March 1

March 31

Direct Materials

217,750

201,500

Work in Process

471,250

555,750

Finished Goods

276,250

253,500

Production data for the month:

Direct labor cost incurred 650,000

Direct labor hours 81,250

Actual FOH cost incurred 429,000

Direct materials purchased 536,250

The company applied factory overhead cost to jobs based on direct labor hours and the predetermined rate is P575 per direct labor hour. The company does not close the under or over- applied FOH to COGS until the end of the year.

Required - What is the amount of Cost of Goods Manufactured?

Reference no: EM133171027

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