Johnson Company has the following records:                                                                                 January 1             January 31                 Raw materials                                    P  54,000              P  42,000                 Work-in-process                                  96,000                    74,400                 Finished goods                                    216,000                  180,000   During January purchases of direct materials were P 72,000. Direct labor and factory overhead costs were P 120,000 and P 168,000 respectively. How much is the cost of raw materials used in production? Group of answer choices P 84,000 P 108,000 P 95,600 P 72,000

Q: Danica Corp. provided the following inventory balances and cost month of June. Junel June 3 Direct…

A: The cost of goods sold include the costs of goods that are sold during the period.

Q: Beginning work in process was $125,000. Manufacturing costs added to production for the month were…

A: Cost of goods manufactured: Cost of goods manufactured can be defined as the production cost…

Q: Using the information below for Talking Toys, Inc., determine the manufacturing costs incurred…

A: We have the following information: Direct materials used: $12,600 Goods in process, January 1:…

Q: Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:…

A: working note : Cost of Goods Sold= Cost of Goods Manuf + Begin(Finished Good) - End(Finished Good)…

Q: The following are Acme's production costs for the quarter ended September 30th: Direct materials…

A: Costs which are directly traced to the specific products in the process are called direct costs.

Q: Data pertaining to Lakers Co.’s manufacturing operations: INVENTORIES   April 1, 20X1   April 30,…

A: Correct option: ₱118,000 Incorrect option: ₱150,000 ₱109,000 ₱115,000

Q: 7.lbra food Manufactory has provided the folllowing data for the month of December.: Raw Materials…

A: Cost of goods sold = Beginning Finished goods inventory + Cost of goods manufactured - Ending…

Q: The following account balances and other information for Barfield Company pertain to November…

A: Direct materials: It is the basic input required to manufacture the finished products. The…

Q: Partially completed T-accounts and additional information for Pine Ridge Corporation for the month…

A: Inventories are those assets which are held by a company in order to earn profits through selling…

Q: Calculate the cost of goods manufactured using the following information:     Direct materials $…

A: We have the following information: Direct materials: $300,500 Direct labor: $134,000 Factory…

Q: Johnson Company has the following records:…

A: Raw material used=Raw material, January 1+Purchases-Raw material, January 31=P 54,000+P 72,000-P…

Q: Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for…

A:

Q: ABC Company reports the following cost information for December:Cost of goods manufactured P135,800;…

A: Cost of goods manufactured means total costs incurred on manufacturing and production of goods.

Q: The following were taken from the books of GK Company:  January 1:  RM P270,000; WIP P0; FG P45,000…

A: Following formulas were used Production cost for the year = RM used  +DL + Factory overhead Nos of…

Q: The following account balances and other information for Barfield Company pertain to November…

A: Note: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Q: The following were taken from the books of Marvin Company. January 1 March 31 P 268,000 P 167,000…

A: The manufacturing cost is calculated as sum of direct materials used, direct labor and overhead…

Q: Johnson Company has the following records:…

A: Raw materials used = Beginning Raw materials  + purchases of direct materials - ending Raw materials…

Q: Pretty La Fea Company reported the following for the year just ended:                Beginning…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. Cost of…

Q: Timbuk 3 Company has the following information for March: Cost of direct materials used in…

A: Cost of goods manufactured means the cost of inventory converted into finished goods during the…

Q: Determine the cost of goods manufactured. $fill in the blank 1

A: Cost of Manufacturing as name suggest, is the cost of producing the goods during the year It…

Q: Data from Delta Motor Corp are as follows:                 Selling and administrative expenses…

A: Direct materials used = Beginning Direct materials + Purchases of Direct materials -  Ending Direct…

Q: 5) During the month of April, Candice Ltd. provides the following information: direct materials…

A: Formula: Total manufacturing cost =Direct materials + Direct labor + manufacturing overhead

Q: Data pertaining to Lakers Co.’s manufacturing operations: INVENTORIES   April 1, 20X1   April 30,…

A: Cost of goods sold (COGS): The cost of goods sold budget shows the expenses incurred for producing a…

Q: The following information pertains to the month of July for Stanley Company: Beginning work in…

A: Units started and completed  = Units completed - Beginning WIP = 60,000 - 10,000 = 50,000 units…

Q: Find the work in process and and finished goods for july 31 using the following information below:…

A: Formula: Total cost of work in process = Direct materials used + direct labor +Factory overheads Sum…

Q: Manhattan Company has the following information for November: Cost of direct materials used in…

A: Statement of Cost of Goods Manufactured Work in process inventory, November 1    $59600…

Q: Primare Corporation has provided the following data concerning last month's manufacturing…

A: The Cost of Goods Manufactured: The cost of goods manufactured gives the total amount of raw…

Q: Data about Genesis Company production and inventories for the month of October are as follows:…

A: Cost Sheet : Particulars Amount (P) Direct Material Purchased  ( 143,440 - 2,440 ) 1,41,000…

Q: ABC Company reports the following cost information for December: Cost of goods manufactured…

A: The question is related to Cost Sheet. Cost sheet is a Statement of cost A Cost Sheet or Cost…

Q: 23. Senen Company provided the following data for the month ended October 31, 2020: Direct labor…

A: Raw material means the goods which is used to make the finished product. Labor and factory overhead…

Q: The following were taken from the books of Nona Company. January 1 P 268,000 March 31 P 167,000 Raw…

A: Solution 1:  Nos of units manufactured = Sales units + Ending inventory - Beginning inventory =…

Q: he following were taken from the books of Medollar Company: January 1: RM P270,000; WIP P0; FG…

A: Solution 1: Production cost for the year = DM used  +DL + Factory overhead  = P2,295,000 +…

Q: X Corp. applies factory overhead to production at 75% of labor cost. The following data are drawn…

A: Cost of goods sold = Total sales - Operating expenses - Net income =…

Q: The following data were taken from the records of Quezon Company: Inventories September 30 P50,000…

A:

Q: MARIE SWIFT Company reported the given information for the month of Octobe Inventories: P29,000 Work…

A: ln costing there are two types of cost direct cost and indirect. These cost  are incurred to produce…

Q: Items 1 and 2 are based on the following data of Matatag Company for the month of March 2020: March…

A: The cost of goods manufactured includes the goods that are manufactured during the period.

Q: Beckett Industries has the following beginning and ending inventories for the month of April.…

A: Cost of goods sold  is the direct costs related with production process of goods and it includes…

Q: Zoe Corporation has the following information for the month of March: Cost of direct materials used…

A: Total manufacturing costs = Direct materials used + Direct labor + Factory overhead Cost of  goods…

Q: ABC Company reports the following cost information for December:Cost of goods manufactured P135,800;…

A: Cost of goods manufactured = Total manufacturing costs + Beginning Work-in-process inventory -…

Q: The following were taken from the books of Marvin Company. January 1 March 31 Raw materials P…

A: In order to determine the cost of goods manufactured per unit, the total cost of goods manufactured…

Q: MARIE SWIFT Company reported the given information for the month of October: Inventories: Raw…

A: "Since you have posted a question with multiple sub parts,we will solve first three sub parts for…

Q: Lind Manufacturing had the following account balances as of January 1. $ 8,700 76,500 53,000 Direct…

A: Answer -  Part 1 -  Particulars Amount     Direct Material Inventory Opening 8700 DM…

Q: National Co. has the following data for the month of February February 28 P15,000 6,000 36,000…

A: Answer) Calculation of Cost of Goods Sold     Amount  (In P) Direct Materials…

Q: 1. Cost of goods manul rad; prime and converslon costs. Mat Company purchases of materials during…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Zoe Corporation has the following information for the month of March. Cost of direct materials used…

A: Cost of Goods Manufactured =Direct Materials  +Direct Labor Costs +Factory overhead +Beginning Work…

Q: Selected information from the Blake Corporation accounting records for June follows. Materials…

A: Costing:- It is a process of estimating the cost and associated revenue of the product. It involves…

Q: nventory balances for the MMM Enterprise for the month of June are as follows: June 1 June 30 Raw…

A: Cost refers to the expenses incurred by the business in order to generate revenue from sales; in…

Q: If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in…

A: