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Question - EPHI manufactures mailboxes and the company applied actual costing method. The following data represent transactions and balances for December 2020, the company first month of operations with an ending work in process inventory of 5,000 units, ending finished goods inventory of 5,000 units and selling price of P22.00 per unit:
Purchased direct materials on account
P286,000
Accrued direct labor payroll
134,000
Paid factory rent
3,600
Accrued factory utilities
16,200
Recorded factory equipment depreciation
15,800
Paid factory supervisor salary
6,400
Ending direct materials inventory
62,000
Ending work in process inventory
32,000
Ending finished goods inventory
?
Sales on account
594,000
1. How many units were completed in December?
A. 35,000
B. 27,000
C. 25,000
D. 32,000
2. What was the total cost of goods manufactured?
A. P362,000
B. P342,000
C. P368,000
D. P332,000
3. What was the per-unit cost of goods manufactured in December?
A. P13.41
B. P11.50
C. P13.50
D. P11.22
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