Assume the following information relates to the Bossing Corporation for the month of September Job No. 101 Job No. 102 Job No. 103 In process, September 1 Materials P 40,000 P 30,000 - Labor 60,000...

Assume the following information relates to the Bossing Corporation for the month of September

Job No. 101 and 102 were completed and transferred to finished goods warehouse in September. Actual overhead incurred in September amounted to P 375,000. Overhead is applied using a predetermined overhead rate. Job 101 was sold for P 550,000.

Requirements: Compute for the following:

1. Work in process, September 1


2. Overhead assigned to production in September assuming same factory OH rate


3. Cost of goods manufactured