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Question - Jolly Co. employs the job order cost system. Relevant data for the month just ended are summarized below.
Work in process beginning P 100,000
Direct materials used for the month 200,000
Direct labor costs for the month 160,000
Overhead applied based on direct labor 120,000
Cost of goods completed 501,800
Ending work in process referred to Job 106 which was charged with direct labor of P12,000 and Job 107 charged with overhead of P9,600.
Required - What the cost of direct materials charged to Jobs 106 and 107?
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