Enrichment Activity

Problem 1
Requirement 1
Accounts Subsidiary Debit Credit
Ledger for
Work in
Process/
Factory
Overhead
1 Materials P 56,000
Accounts Payable P 56,000

2 Work in Process 44,000

Factory Overhead Control 6,000
Materials 50,000
Indirect Materials P 6,000
Job Order 401 11,000
Job Order 402 14,000
Job Order 403 19,000

3 Materials 1,600
Work in Process 1,000
Factory Overhead Control 600
Indirect Materials (600)
Job Order 403 (1,000)

4 Accounts Payable 2,000

Materials 2,000

5 Payroll 78,000
Withholding Tax Payable 6,050
 SSS Contribution Payable 3,200
Philhealth Contribution Payable 750
Pagibig Contribution Payable 24,000
Accrued Payroll 65,600

Accrued Payroll 65,600

Cash 65,600

6 Work in Process 66,800

Factory overhead Control 11,200
Payroll 78,000
Indirect Labor 11,200
Job Order 401 20,800
Job Order 402 25,000
Job Order 403 21,000

7 Marketing Expense Control 2,145

Administrative Expense Control 1,430
Factory Overhead Control 3,575 considered na ang 7150 FOC
SSS Contribution Payable 4,000
Philhealth Contribution Payable 750
Pagibig Contribution Payable 2,400
SSS Contribution Expense 4,000
Philhealth Contribution Expense 750
Pagibig Contribution Expense 2,400

8 Factory Overhead Control 30,000

Accumulated Depreciation 6,000
Prepaid Insurance 1,900
Factory Overhead Payables 22,100
Depreciation Expense 6,000
Insurance Expense 1,900
Other Factory Expenses 22,100
 9 Work in Process 53,440
Factory Overhead Applied 53,440
Job Order 401 16,640
Job Order 402 20,000
Job Order 403 16,800

10 Finished Goods 144,440

Work in Process 144,440
Job Order 401 63,440
Job Order 402 81,000

11 Cost of Goods Sold 63,440

Finished Goods 63,440

Accounts Receivable 88,816

Sales 88,816

12 Cash 70,000
Accounts Receivable 70,000
Job Order Cost Sheets
JOB ORDER 401
Materials:
August 1 P 6,000
Requisition 11,000
Total P 17,000

Labor:
August 1 5,000
Payroll 20,800
Total 25,800

Overhead:
August 1 4,000
Applied 16,640
Total 20,640

Total Product Costs P 63,440

40% Mark up 25,376
Sales Price P 88,816
 JOB ORDER 402
Materials:
August 1 P 11,200
Requisition 14,000
Total P 25,200

Labor:
August 1 6,000
Payroll 25,000
Total 31,000

Overhead:
August 1 4,800
Applied 20,000
Total 24,800
d na ang 7150 FOC
Total Product Costs P 81,000

Status: Finished Goods, August 31 81,000

JOB ORDER 403

Materials:
Requisition P 19,000
Returned (1,000)
Total P 18,000
 Labor: Payroll 21,000

Overhead: Applied 16,800

Total Product Costs 55,800

Status: Still in process, August 31 55,800

 DBE Company
Statement of Cost of Goods Manufactured and Sold
For the month ended August 31, 202x
Materials Inventory, August 1, 202X P 44,000
Purchases 56,000
Less: Returned (2,000)
Materials Available for Use 98,000
Less: Indirect Materials P 5,400
Materials Inventory, August 31, 202X 49,600 55,000
Materials Used P 43,000
Direct Labor 66,800
Factory Overhead Applied 53,440
Total manufacturing Cost P 163,240
Add: Work in Process, August 1, 202X 37,000
Total cost put into process P 200,240
Less: Work in Process, August 31,202X 55,800
Total Cost of Goods Manufactured P 144,440
Add: Finished Goods Inventory, August 1, 202X 50,000
Total Goods Available for Sale P 194,440
Less: Finished Goods Inventory, August 31,202X 131,000
Cost of Goods Sold P 63,440
Add: Under applied Factory Overhead 310
Net Cost of Goods Sold P 63,750
 BSA Corporation
Statement of Cost of Goods Manufactured and Sold
For the month ended
Materials Inventory, beginning 95,000
Purchases 200,000
Materials Available for Use 295,000
Less: Indirect Materials -
Materials Inventory, ending 90,000 90,000
Materials Used 205,000
Direct Labor 295,000
Factory Overhead Applied 175,000
Total manufacturing Cost 675,000
Add: Work in Process, beginning 80,000
Total cost put into process 755,000
Less: Work in Process, ending 70,000
Total Cost of Goods Manufactured 685,000
Add: Finished Goods Inventory, beginning 90,000
Total Goods Available for Sale 775,000
Less: Finished Goods Inventory, ending 110,000
Cost of Goods Sold 665,000

Sales 900,000
Less: Cost of Goods Sold 665,000
Gross Profit 235,000