The December 31, 2018 trial balance of KIM Company showed the following information P 14,000,000 Sales...

  

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The December 31, 2018 trial balance of KIM Company showed the following information P 14,000,000 Sales return & allow. Factory overhead Sales Purchases 2,400,000 Freight-in 30.000 Direct labor 3,200,000 Sales salaries 200,000 Inventories: Finished goods Work in process Materials Advertising expense Delivery expense 12/31/18 P 460,000 REQUIRED Compute for the following 1.) Total manufacturing cost 2) Total goods placed in process 3.) Cost of goods manufactured 4.) Cost of goods sold Finished goods Work in process Materials 130,000 190,000 P 20,000 1,880,000 150,000 60,000 5.) Gross profit 6.) Selling expenses 7.) General and admin expenses 8.) Net income net loss A-3 On September 2018, Zocco Company incurred the following costs: Direct materials, P 200,000, Factory overhead P 250,000, and Direct labor, P 105.000. Inventories were as follows Beginning P 350,000 360,000 250,000 1/01/18 P 620,000 120,000 170,000 REQUIRED a. Total manufacturing cost for the month of September b. The cost of goods manufactured for the month of September e. The cost of goods sold for the month of September Ending P 200,000 350,000 125,000 The December 31, 2018 trial balance of KIM Company showed the following information P 14,000,000 Sales return & allow. Factory overhead Sales Purchases 2,400,000 Freight-in 30.000 Direct labor 3,200,000 Sales salaries 200,000 Inventories: Finished goods Work in process Materials Advertising expense Delivery expense 12/31/18 P 460,000 REQUIRED Compute for the following 1.) Total manufacturing cost 2) Total goods placed in process 3.) Cost of goods manufactured 4.) Cost of goods sold Finished goods Work in process Materials 130,000 190,000 P 20,000 1,880,000 150,000 60,000 5.) Gross profit 6.) Selling expenses 7.) General and admin expenses 8.) Net income net loss A-3 On September 2018, Zocco Company incurred the following costs: Direct materials, P 200,000, Factory overhead P 250,000, and Direct labor, P 105.000. Inventories were as follows Beginning P 350,000 360,000 250,000 1/01/18 P 620,000 120,000 170,000 REQUIRED a. Total manufacturing cost for the month of September b. The cost of goods manufactured for the month of September e. The cost of goods sold for the month of September Ending P 200,000 350,000 125,000

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Answer To compute the required values lets go step by step Total Manufacturing Cost Total Manufacturing Cost Direct Materials Direct Labor Factory Ove... View the full answer