a.

Materials 180,000

Accounts payable 180,000

b. Payroll 80,000

Withholding taxes payable 11,200

SSS Premiums payable 2,400

Phil Health contributions payable 375

Pag-ibig funds contributions payable 1,620

Accrued payroll 64,405

Work in process 60,000

Factory overhead control 20,000

Payroll 75,000

c. Materials 20,000

Accounts payable 20,000

d. Factory overhead control 5,595

SSS premiums payable 3,600

Phil Health contributions payable 375

Pag-ibig funds contributions payable 1.620

e. Work in process 120,000

Factory overhead control 10,000

Materials 130,000

f. Accounts payable 5,000

Materials 5,000

g. Accounts payable 148,300

Accrued payroll 64,405

Cash 212,705

h. Factory overhead control 24,900

Miscellaneous accounts 24,900

i. Work in process 72,000

Factory OH Applied (60,000 x 120%) 72,000

 j. Finished goods 180,000

Work in process 180,000

k. Accounts receivable 210,000

Sales 210,000

Cost of goods sold 120,000

Finished goods 120,000

2. Statement of cost of goods sold

. Direct materials used

Purchases 180,000
Less: Purchase returns 5,000
Total available for use 175,000
Less: Ind. Mat. used 10,000
Mat.- October 31 120,000 130,000 90,000
Direct labor 60,000
Factory overhead 72,000

Total manufacturing costs 222,000

Less: Work in process, October 31 72,000

Cost of goods manufactured 150,000
Less: Finished goods – March 31
Cost of goods sold, normal
Less: OA-FO
Cost of goods sold, actual

Actual factory overhead (FO Control )

Less: Applied factory overhead
Over applied factory overhead