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Chapter 4 Job Order Costing Problem 11 The...

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Accounting

Chapter 4 Job Order Costing
Problem 11
The following T-accounts from the records of San Miguel Company have
incomplete postings. However, the amounts shown therein are correct:
Cost of goods sold
Factory overhead control
4.200
4.200
Factory overhead applied
Additional information:
a. The debit of P15,000 to work in process represents direct materials issued
for the month.
b. Factory overhead is applied at a rate of P0.50 per direct labor hour.
c. Work ticket for the month totaled 10,000 direct labor hours. Factory
workers receive P1.00 per hour.
Required: Compute for the following
Direct materials inventory, end
Direct labor charged to production
Defective materials returned to suppliers
Work in process inventory, end
Finished goods inventory, end
Cost of goods sold
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