1Help me with this one please. Thank you! Work-in-process of Alonzo Corporation in July 1,2019 (per general ledger) is P22,800. Per costsheets:Direct Materials Direct LaborP3,0002,500Job 101P6,0008,000Job 102Amount charged to work-in-process for July 2019:Direct materials Direct laborP1,0001,5002,6002,000Job 101P3,000Job 102Job 103Job 1042,0006,0004,500Factory overhead is applied to production basedon direct labor cost. Jobs 101 and 103 arecompleted during the month.Cost of goods put into process must be:P26,860P42,100P45,400P49,660

The cost of goods sold refers to the direct costs of manufacturing the commodities supplied by a…

Answered: Work-in-process of Alonzo Corporation…

Principles of Accounting Volume 2

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Chapter4: Job Order Costing

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Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...

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The following are information provided for Norman Company for the month of August 2019 (refer to the attached picture): Raw materials purchased during the period costs P40,800; overhead incurred and paid or accrued for the period was P21,750; and 23,600 direct labor hours were incurred at a rate of P13.75 per hour. 1. Prime cost *
Accounting At the end of 2019, Alonzo Company’s manufacturing inventory and expense accounts held the following costs. Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Direct Materials P120,000 P190,000 P350,000 Direct Labor P100,000 P250,000 P580,000 Factory Overhead P60,000 P300,000 P480,000 Alonzo’s accountant applied overhead during the year using a budgeted rate of P8.40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero. Over/underapplied overhead are to be allocated to appropriate inventories how much is the Adjusted Finished Goods inventory?
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