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