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Jacksonville Company uses a job order costing system. During May, the following costs appeared in...

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Accounting

Jacksonville Company uses a job order costing system. During May, the following costs appeared in the Work in process inventory account:

Beginning balance P30, 000

Direct materials used P90, 000

Direct labor incurred P75, 000

Applied overhead P52, 500

Cost of Goods manufactured P225, 000

  1. Jacksonville Company applies overhead on the basis of direct labor cost. There was only one job left in work in process at the end of May which contained P6, 300 of overhead. What amount of direct material was included?
  1. P7, 200
  2. P9, 000
  3. P11, 160
  4. P11, 790

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