Question: Question 13 (2 points) The following data are available about Mamita Company who uses job order cost system: 2017 Balances 2018 Balances 2019 Balances

Question 13 (2 points) The following data are available about Mamita Company

Question 13 (2 points) The following data are available about Mamita Company who uses job order cost system: 2017 Balances 2018 Balances 2019 Balances Beginning materials inventory P100,000 ? P120,000 Ending materials inventory 150,000 ? 110,000 Beginning work in process 300,000 ? 180,000 inventory Ending work in process inventory 240,000 ? 210,000 Direct Labor P200,000 Manufacturing Overhead 400,000 300,000 Material purchases Required: Determine the cost of goods manufactured in 2018. Note: This item is worth two (2) points. Do NOT put peso sign. PUT comma. Question 14 (1 point) On December 1, Neil Company had the following inventories: materials, P60,000; work in process - P30,000; and finished goods - P90,000. During the month, materials purchases totaled P140,000. Direct Labor for December was P100,000, at a uniform wage of P6.40 per hour. Marketing and Administrative expenses for the month amounted to 10% of net sales. Inventories on December 31, were as follows: Materials, P50,000; Work in Process, P20,000; and Finished Goods, P100,000. Net sales for December totals P500,000. Factory overhead is applied @ P8.00 per direct labor hour. Determine the following: Note: Do NOT put peso sign. PUT comma. 1. Prime costs incurred for the month. Question 15 (1 point) 2. Conversion costs incurred for the month.

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