Reference no: EM132755871

Question - These data relates to Leni Company's July 2020 operations:

Materials, beginning P 7,000 Materials, Ending P9,000

WIP, Beginning 7,500 WIP, Ending 3,500

Finished Goods, beg. 10,000 Finished Goods, End. 12,000

Materials used 46,800 Direct Expenses 400

Selling and general expenses 6,700 Direct Labor 8,000

Factory overhead is applied at the rate of 80% of direct labor cost.

Required - Compute for the following (Show your solution in the space provided) :

1. Cost of materials purchased.

2. Cost of goods manufactured.

3. Cost of goods sold.

4. Conversion Cost.