Ova vit Cost Accounting 52. The following data pertain to X-men Corporation operations in July: Work...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Ova vit Cost Accounting 52. The following data pertain to X-men Corporation operations in July: Work in process July 1 7,000 July 31 12,000 15,000 / ? ? 20,000 Raw materials Finished goods Other data: 1 Cost of goods manufactured 135,000 Factory overhead cost 60,000 Gross margin 60,000 Raw materials purchases 30,000 Raw materials used 40,000 Sales 200,000 The beginning finished goods inventory was: a P30,000 b. P5,000 c. P25,000 d. P15,000 The total direct labor cost was: a. P25,000 c. P40,000 b. P35,000 d. P30,000 The ending materials inventory was: a. P10,000 c. P15,000 2) P5,000 d. P20,000 The total cost of goods sold a. P140,000 c. P200,000 b. P135,000 d. P160,000 The total prime cost a. P45,000 c. P100,000 b. P80,000 d. P140,000 Total conversion cost a. P60,000 b. P100,000 c. P40,000 d. P140,000 Ova vit Cost Accounting 52. The following data pertain to X-men Corporation operations in July: Work in process July 1 7,000 July 31 12,000 15,000 / ? ? 20,000 Raw materials Finished goods Other data: 1 Cost of goods manufactured 135,000 Factory overhead cost 60,000 Gross margin 60,000 Raw materials purchases 30,000 Raw materials used 40,000 Sales 200,000 The beginning finished goods inventory was: a P30,000 b. P5,000 c. P25,000 d. P15,000 The total direct labor cost was: a. P25,000 c. P40,000 b. P35,000 d. P30,000 The ending materials inventory was: a. P10,000 c. P15,000 2) P5,000 d. P20,000 The total cost of goods sold a. P140,000 c. P200,000 b. P135,000 d. P160,000 The total prime cost a. P45,000 c. P100,000 b. P80,000 d. P140,000 Total conversion cost a. P60,000 b. P100,000 c. P40,000 d. P140,000
Expert Answer:
Answer rating: 100% (QA)
To solve this problem lets analyze the given data and calculate the required values Work in process ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
The following data pertain to Graham Company's operations in May: The beginning finished goods inventory was: May May 31 S6,600 S12,400 Work in process inventory Raw materials inventory Finished...
-
A gardner uses a trianglur prism shaped clay pot to plant flowers. the trianglur base is 3 units along the base and 5 units high. the pot has a height of 16 units. what is the volume of the pot?
-
Gems Co. uses the indirect method to prepare its statement of cash flows. The following comparative statement of financial position for 2021 and 2022 are presented: At December 31 2022 2021 Property,...
-
AutoIgnite produces electronic ignition systems for automobiles at a plant in Cleveland, Ohio. Each ignition system is assembled from two components produced at AutoIgnites plants in Buffalo, New...
-
What is civil litigation and how does it differ from other types of litigation?
-
I don't see that in my intermediate accounting text I saved from college, you explain to another member of the accounting division of Dowell Chemical Corporation. This will take some research. Your...
-
Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. April 1 Sold merchandise for...
-
1. On a scale of 1-5, how important is digital customer experience to your business image? Explain in your opinion. Scale Remarks: 1 = Not Important 2 = Less Important 3 = Normal 4 = Important 5=...
-
Northern blotting depends on the phenomenon of the binding of a labeled DNA segment to an mRNA. Explain why this binding occurs.
-
A molecular marker is a ______________ that is found at a specific site on a chromosome and has properties that allow it to be ___________. a. colored dye, visualized via microscopy b. colored dye,...
-
The technique of fluorescence in situ hybridization involves the use of a ___________ that hybridizes to a ____________. a. radiolabeled probe, band on a gel b. radiolabeled probe, specific site on...
-
The cI gene that encodes the repressor has two promoters designated PRE and PRM. Which of the following statements is false? a. PRE is activated by the cII protein. b. PRE is activated by the ...
-
For the method of RNA sequencing (RNA-Seq), which of the following is the correct order of steps? a. Isolate RNAs, synthesize cDNAs, fragment RNAs, sequence cDNAs, align cDNA sequences b. Synthesize...
-
A bar offers female patrons a lower price for a drink than male patrons. The bar will maximize profits by selling a total of 200 drinks (a night). At the current prices, male customers buy 150...
Study smarter with the SolutionInn App