Company A is engaged in the manufacture of furniture. The job cost sheets for the month of June 2015 show the following: 

Job 204Job 205Job 206Job 207

In the process, June 1

Direct materialsP 184,000P 115,000

Direct labor70,00050,000

Applied overhead42,00030,000

Costs in June

Direct materials38,00044,000110,000135,000

Direct labor20,00030,00034,000 26,000

Factory overhead is applied to each job at the rate of 50% of direct labor costs. The actual factory overhead as of June 1 was P 85,000 while the actual factory overhead for the month of June was P 60,000.

It completed jobs 204 and 205 in June 2015.

Required. Prepare an statement cost of goods manufactured.

Answer rating: 100% (QA)

Company A Statement of Cost of Goods Manufactured June 2015 Direct Materials Job No In Process June ... View the full answer