What is the balance in work in process inventory at the end

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Question - Webb Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #6, #9, and #13. Raw materials used, P400,000; Direct labor per hour, P68.50; Overhead applied based on direct labor cost, 120%. Direct material was requisitioned as follows for jobs #6, #9 and #13, respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,500; 3,100; and 4,200; respectively. Indirect labor is P233,000. Other actual overhead costs totaled P536,000 If Jobs #6 and #9 were completed and transferred, what is the balance in Work in Process Inventory at the end of the period?

Reference no: EM133138275

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