Activity 2-Job Order Costing
1. JYD Manufacturing Company showed the following information as of June 1, 2020;
Raw materials inventory P320,000
Work in process inventory 400,000
Finished goods inventory 350,000
During the month of June, the following were incurred
Materials purchased P170,000
Materials used 200,000
Direct labor 400.000
Factory Overhead 210,000
After reviewing the quantities on hand, ending inventories were:
Work in process inventory 280,000
Finished goods inventory 430,000
What is the raw materials inventory as of June 30, 2020?
2. .JYD Manufacturing Company showed the following information as of June 1, 2020;
Raw materials inventory P320,000
Work in process inventory 400,000
Finished goods inventory 350,000
During the month of June, the following were incurred
Materials purchased P170,000
Materials used 200,000
Direct labor 400.000
Factory Overhead 210,000
After reviewing the quantities on hand, ending inventories were:
Work in process inventory 280,000
Finished goods inventory 430,000
What is the total cost of goods manufactured during the month?
3. JYD Manufacturing Company showed the following information as of June 1, 2020;
Raw materials inventory P320,000
Work in process inventory 400,000
Finished goods inventory 350,000
During the month of June, the following were incurred
Materials purchased P170,000
Materials used 200,000
Direct labor 400.000
Factory Overhead 210,000
After reviewing the quantities on hand, ending inventories were:
Work in process inventory 280,000
Finished goods inventory 430,000
What is the total cost of goods available for sale?
4. JYD Manufacturing Company showed the following information as of June 1, 2020;
Raw materials inventory P320,000
Work in process inventory 400,000
Finished goods inventory 350,000
During the month of June, the following were incurred
Materials purchased P170,000
Materials used 200,000
Direct labor 400.000
Factory Overhead 210,000
After reviewing the quantities on hand, ending inventories were:
Work in process inventory 280,000
Finished goods inventory 430,000
How much was the Cost of goods sold?
5. Peter Senen Company has the following cost data as of Sept 1, 2020
Materials purchased P170,000
Materials used 200,000
Direct labor 400,000
Factory overhead 210,000
Office rent 50,000
How much is the total manufacturing costs?
6. Peter Senen Company has the following cost data as of Sept 1, 2020
Materials purchased P170,000
Materials used 200,000
Direct labor 400,000
Factory overhead 210,000
Office rent 50,000
What is the total prime costs?
7. Peter Senen Company has the following cost data as of Sept 1, 2020
Materials purchased P170,000
