1. JYD Manufacturing Company showed the following information as of June 1, 2020;Raw materials inventoryP320,000Work in process inventory 400,000Finished goods inventory 350,000 During the month of June, the following were incurredMaterials purchasedP170,000Materials used 200,000Direct labor 400.000Factory Overhead 210,000After reviewing the quantities on hand, ending inventories were:Work in process inventory 280,000Finished 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 inventoryP320,000Work in process inventory 400,000Finished goods inventory 350,000 During the month of June, the following were incurredMaterials purchasedP170,000Materials used 200,000Direct labor 400.000Factory Overhead 210,000After reviewing the quantities on hand, ending inventories were:Work in process inventory 280,000Finished 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 inventoryP320,000Work in process inventory 400,000Finished goods inventory 350,000 During the month of June, the following were incurredMaterials purchasedP170,000Materials used 200,000Direct labor 400.000Factory Overhead 210,000After reviewing the quantities on hand, ending inventories were:Work in process inventory 280,000Finished 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 inventoryP320,000Work in process inventory 400,000Finished goods inventory 350,000 During the month of June, the following were incurredMaterials purchasedP170,000Materials used 200,000Direct labor 400.000Factory Overhead 210,000After reviewing the quantities on hand, ending inventories were:Work in process inventory 280,000Finished 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, 2020Materials purchasedP170,000Materials used 200,000Direct labor 400,000Factory overhead 210,000Office rent 50,000How much is the total manufacturing costs? 6. Peter Senen Company has the following cost data as of Sept 1, 2020Materials purchasedP170,000Materials used 200,000Direct labor 400,000Factory overhead 210,000Office rent 50,000 What is the total prime costs? 7. Peter Senen Company has the following cost data as of Sept 1, 2020Materials purchasedP170,000Materials used 200,000Direct labor 400,000Factory overhead 210,000Office rent 50,000 What is the total conversion costs? 8. Ethel Company provided the following information as of May 31, 2020SalesP900,000Finished goods inventory, May 31 300,000Work in process inventory,May 31 350,000Raw materials inventory, May 31 280,000Finished goods inventory, May 1 200,000Work in process inventory,May 1 310,000Raw materials inventory, May 1 250,000Direct labor 150,000Factory overhead 110,000The average historical gross profit is 30% of sales What is the total manufacturing costs? 9. Ethel Company provided the following information as of May 31, 2020SalesP900,000Finished goods inventory, May 31 300,000Work in process inventory,May 31 350,000Raw materials inventory, May 31 280,000Finished goods inventory, May 1 200,000Work in process inventory,May 1 310,000Raw materials inventory, May 1 250,000Direct labor 150,000Factory overhead 110,000The average historical gross profit is 30% of sales How much was the total raw materials used? 10. Ethel Company provided the following information as of May 31, 2020SalesP900,000Finished goods inventory, May 31 300,000Work in process inventory,May 31 350,000Raw materials inventory, May 31 280,000Finished goods inventory, May 1 200,000Work in process inventory,May 1 310,000Raw materials inventory, May 1 250,000Direct labor 150,000Factory overhead 110,000The average historical gross profit is 30% of sales How much was thetotal raw materials purchased? 11. The following data are available for Peter Senen Company during the month of July 2020:Direct materials purchasedP 95,000Direct labor 80,000Indirect materials 40,000Indirect labor 45,000Other indirect factory costs 60,000Marketing expenses 72,000Office salaries and wages 30,000Raw materials inventory, June 30 35,000Raw materials inventory, July 31 50,000 What is the total manufacturing costs?

Question

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​​   210,000After 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​​   210,000After 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​​   210,000After 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​​   210,000After 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​Materials used​​​  200,000​Direct labor​​​  400,000​Factory overhead​​​  210,000​Office rent​​​    50,000 What is the total conversion costs? 8. Ethel Company provided the following information as of May 31, 2020​Sales​​​​P900,000​Finished goods inventory, May 31​  300,000​Work in process inventory,May 31    350,000​Raw materials inventory, May 31       280,000​Finished goods inventory, May 1​  200,000​Work in process inventory,May 1      310,000​Raw materials inventory, May 1         250,000​Direct labor​​​  150,000​Factory overhead​​​  110,000The average historical gross profit is 30% of sales What is the total manufacturing costs?  9. Ethel Company provided the following information as of May 31, 2020​Sales​​​​P900,000​Finished goods inventory, May 31​  300,000​Work in process inventory,May 31    350,000​Raw materials inventory, May 31       280,000​Finished goods inventory, May 1​  200,000​Work in process inventory,May 1      310,000​Raw materials inventory, May 1         250,000​Direct labor​​​  150,000​Factory overhead​​​  110,000The average historical gross profit is 30% of sales  How much was the total raw materials used? 10. Ethel Company provided the following information as of May 31, 2020​Sales​​​​P900,000​Finished goods inventory, May 31​  300,000​Work in process inventory,May 31    350,000​Raw materials inventory, May 31       280,000​Finished goods inventory, May 1​  200,000​Work in process inventory,May 1      310,000​Raw materials inventory, May 1         250,000​Direct labor​​​  150,000​Factory overhead​​​  110,000The average historical gross profit is 30% of sales How much was thetotal raw materials purchased? 11. The following data are available for Peter Senen Company during the month of July 2020:​Direct materials purchased​P 95,000​Direct labor​​​   80,000​Indirect materials​​​   40,000​Indirect labor​​​   45,000​Other indirect factory costs​   60,000​Marketing expenses​​  72,000​Office salaries and wages​​  30,000​Raw materials inventory, June 30​  35,000​Raw materials inventory, July 31​  50,000 What is the total manufacturing  costs?

Accepted Answer

1)Calculation of the raw materials inventory as of June 30, 2020 as  follows under:-
Basic…