MLL Co. applies overhead on a predetermined rate based on direct determined at the start of...

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MLL Co. applies overhead on a predetermined rate based on direct determined at the start of the operations. The company's budgeted direct labor for the coming year is 500,00 with 100,000 budgeted hours. MLL reported the following transactions for the month of October: Oct 1 2,000 units of raw materials purchased at 200/unit 3,000 units purchased at 220/unit 1500 units purchased at 210/unit 3000 materials were requisitioned 1000 units purchased at 215/unit 1200 materials were requisitioned 1000 units purchased at 225/unit 40,000 labor hours were worked during the month at 10 per direct labor hour. Oct 13 Oct 14 Oct 20 Oct 25 Oct 26 Oct 30 Oct 30 If the company uses the FIFO-perpetual to account for their inventory, how much was transferred to Work in Process? If the company uses the FIFO-perpetual to account for its inventory, how much is the total manufacturing cost for the month? If the company uses the LIFO-perpetual to account for its inventory determine the value of the company's ending inventory. If the company uses the LIFO-perpetual to account for its inventory, how much is the total manufacturing cost for the month? Assume that 200 materials requisitioned last October 28 were returned to the warehouse. These goods were purchased on October 14. If the company uses the simple average to account for its inventory, determine the value of the company's ending inventory if the average rate is solely based on purchases made during the month. (round-off answers to the nearest peso) MLL Co. applies overhead on a predetermined rate based on direct determined at the start of the operations. The company's budgeted direct labor for the coming year is 500,00 with 100,000 budgeted hours. MLL reported the following transactions for the month of October: Oct 1 2,000 units of raw materials purchased at 200/unit 3,000 units purchased at 220/unit 1500 units purchased at 210/unit 3000 materials were requisitioned 1000 units purchased at 215/unit 1200 materials were requisitioned 1000 units purchased at 225/unit 40,000 labor hours were worked during the month at 10 per direct labor hour. Oct 13 Oct 14 Oct 20 Oct 25 Oct 26 Oct 30 Oct 30 If the company uses the FIFO-perpetual to account for their inventory, how much was transferred to Work in Process? If the company uses the FIFO-perpetual to account for its inventory, how much is the total manufacturing cost for the month? If the company uses the LIFO-perpetual to account for its inventory determine the value of the company's ending inventory. If the company uses the LIFO-perpetual to account for its inventory, how much is the total manufacturing cost for the month? Assume that 200 materials requisitioned last October 28 were returned to the warehouse. These goods were purchased on October 14. If the company uses the simple average to account for its inventory, determine the value of the company's ending inventory if the average rate is solely based on purchases made during the month. (round-off answers to the nearest peso)