Problem 9

a) Work in process P 1,240,000

Materials P 360,000
Payroll 400,000
Factory Overhead Applied 480,000

Spoiled Goods 8,000

Factory Overhead Control 7,500
Work in process (100 x 155) 15,500

Finished Goods 1,224,500

Work in process 1,224,500

b) Work in process 1,160,000

Materials 360,000
Payroll 400,000
Factory Overhead Applied 400,000

Spoiled Goods 8,000

Work in process 8,000

Finished Goods 1,168,000

Work in process 1,168,000

Problem 10
A. Journal Entries
1) Work in process 176,000
Materials 80,000
Payroll 40,000
Factory Overhead Applied 56,000

Work in process 23,200

Materials 4,000
Payroll 8,000
Factory Overhead Applied 11,200

Finished Goods 199,200

Work in process 199,200

2) Work in process 180,000

Materials 80,000
Payroll 40,000
Factory Overhead Applied 60,000
 Factory Overhead Control 24,000
Materials 4,000
Payroll 8,000
Factory Overhead Applied 12,000

Finished Goods 180,000

Work in process 180,000

B. Cost per unit

1) 199,200/2,000 = P99.60 cost per unit
2) 180,000/2,000 = P90 cost per unit

Problem 11
1) Work in process 73,000
Materials 25,000
Payroll 20,000
Factory Overhead Applied 28,000

Work in process 1,220

Materials 500
Payroll 300
Factory Overhead Applied 420

Spoiled Goods 100

Work in process 100

Finished Goods 74,120

Work in process 74,120

2) Work in process 75,000

Materials 25,000
Payroll 20,000
Factory Overhead Applied 30,000

Factory Overhead Control 1,250

Materials 500
Payroll 300
Factory Overhead Applied 450

Spoiled Goods 100

Factory Overhead Control 200
Work in process 300
 Finished Goods 74,700
Work in process 74,700

3) Cost per unit (5,000-20=4,980)

a) 74,120/4,980 = 14.88 cost per unit
b) 74,700/4,980 = 15 cost per unit

Problem 12
1) Work in process 300,000
Materials 117,000
Payroll 100,000
Factory Overhead Applied 83,000

Work in process 4,350

Materials 1,650
Payroll 1,500
Factory Overhead Applied 1,200

Spoiled Goods 825

Work in process 825

Finished Goods 303,525

Work in process 303,525

2) 303,525/985 = 308.15 cost per unit

(1,000-15=985)