Reference no: EM132668734

Questions -

Q1. Pak Company provided the following information for the current year:

Increase in raw materials inventory P150,000

Decrease in goods in process inventory 200,000

Decrease in finished goods inventory 350,000

Raw materials purchased 4,300,000

Direct labor payroll 2,000,000

Factory overhead 3,000,000

Freight - out 450,000

Freight - in 250,000

a. P 9,950,000

c. P 9,250,000

b. P 9,550,000

d. P 9,150,000

Q2. Sheraton Company reported the following information for the current year:

Ending goods in process P1,000,000

Depreciation on factory building 320,000

Beginning raw materials 400,000

Direct labor 1,980,000

Factory supervisor's salary 560,000

Depreciation on headquarters building 210,000

Beginning goods in process 760,000

Ending raw materials 340,000

Indirect labor 360,000

Purchases of raw materials 2,300,000

What is the cost of goods manufactured for the current year?

Q3. 555 Sardines Company incurred the following costs and expenses during the current year:

Raw materials purchases P 4,000,000

Direct labor 1,500,000

Indirect labor - factory 800,000

Factory repairs and maintenance 200,000

Taxes on factory building 100,000

Depreciation - factory building 300,000