Ellen Joyce Company is engaged in the manufacture of engines which are made only on customers' orders and to their specifications. During January, the company worked on Johs 201, 202, 203, and 204. The following figures summarize the cost records for the month. lob 201 lob 202 lob 203 lob 204 Direct Materials put into process: Jan. 2 P15,000 20,000 15,000 P5,000 16,000 1,000 P5,000 10,000 3,500 18 P6,000 2,000 22 28 Direct labor costs week ending Jan. 2 9. 1,000 27,000 32,000 20,000 1,000 9.000 16 27,000 3,000 1,500 11,500 9,000 23 5,000 18,000 17,500 25 30 Factory overhead Engines completed 60,000 32,000 100 60 Jobs 201 and 202 have been completed and delivered to the customer at a total selling price of P350,000. Job 204 is still in process. There was no work in process at the beginning of the month.

Ellen Joyce Company is engaged in the manufacture of engines which are made only on customers' orders and to their specifications. During January, the company worked on Johs 201, 202, 203, and 204. The following figures summarize the cost records for the month. lob 201 lob 202 lob 203 lob 204 Direct Materials put into process: Jan. 2 P15,000 20,000 15,000 P5,000 16,000 1,000 P5,000 10,000 3,500 18 P6,000 2,000 22 28 Direct labor costs week ending Jan. 2 9. 1,000 27,000 32,000 20,000 1,000 9.000 16 27,000 3,000 1,500 11,500 9,000 23 5,000 18,000 17,500 25 30 Factory overhead Engines completed 60,000 32,000 100 60 Jobs 201 and 202 have been completed and delivered to the customer at a total selling price of P350,000. Job 204 is still in process. There was no work in process at the beginning of the month.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...

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