The GSM company uses job order costing system and provides you the following data for the current period: P180,000 16,000 214,000 226,000 250,000 Direct materials issued to production Indirect materials issued to production Direct labor cost Manufacturing overhead cost - applied Manufacturing overhead cost – actual There was no beginning and ending work in process and finished goods inventory. The company uses actual cost system. Based on the above information, what is the cost of goods manufactured of GSM Company?
The GSM company uses job order costing system and provides you the following data for the current period: P180,000 16,000 214,000 226,000 250,000 Direct materials issued to production Indirect materials issued to production Direct labor cost Manufacturing overhead cost - applied Manufacturing overhead cost – actual There was no beginning and ending work in process and finished goods inventory. The company uses actual cost system. Based on the above information, what is the cost of goods manufactured of GSM Company?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 16E: The general ledger of Lawson Lumber Co. contains the following control account:
If the materials...
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What is the cost of goods manufactured of GSM company?
Transcribed Image Text:The GSM company uses job order costing system and provides you the following data for the
current period:
Direct materials issued to production
Indirect materials issued to production
Direct labor cost
Manufacturing overhead cost – applied
Manufacturing overhead cost – actual
P180,000
16,000
214,000
226,000
250,000
There was no beginning and ending work in process and finished goods inventory. The
company uses actual cost system.
Based on the above information, what is the cost of goods manufactured of GSM
Company?
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