A company using the normal costing system and implements the voucher system, has the following cost data for its first year of operations:
a Direct materials purchases
P
b Factory payroll of which is direct labor
c Actual Factory Overhead
The cost of the ending inventories are as follows:
Materials, P
Workinprogress, P
Finished goods, P
The company, after consulting engineers and other experts, initially decided to apply a factory overhead rate that is equivalent to of direct labor cost. Any difference between the actual factory overhead and applied factory overhead is eventually closed to the cost of goods sold.
The total of the Vouchers Payable CR column in the voucher register amounted to P while the total of the checks issued based on the check register is P
Under the normal costing system, what is the total manufacturing cost?
