Davis Corporation reported the following for the month of November:Total hourly wages of plant workers₱080,000 Advertising134,000 Sales Commission40,000 Depreciation of machine used in production28,000 Depreciation of administrative equipment27,000 Indirect Labor25,000 Administrative Salaries95,000 Utilities, factory11,000 Direct Materials200,000 Freight Out20,000 What is the total inventoriable costs for November? Show solutionGroup of answer choices₱344,000₱364,000₱296,000₱316,000

Note: Administrative and Advertising expenses are not included in the cost of inventory. These…

Answered: Davis Corporation reported the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

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Davis Corporation reported the following for the month of November:

Total hourly wages of plant workers	₱080,000
Advertising	134,000
Sales Commission	40,000
Depreciation of machine used in production	28,000
Depreciation of administrative equipment	27,000
Indirect Labor	25,000
Administrative Salaries	95,000
Utilities, factory	11,000
Direct Materials	200,000
Freight Out	20,000

What is the total inventoriable costs for November? Show solution

Group of answer choices

₱344,000

₱364,000

₱296,000

₱316,000

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