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CoursHeroTranscribedText: Problem 1 The following are transactions of Robina Corporation for the month of February 2020. Provide the corresponding journal entries for each transaction: P 5'" 292"? Purchase of materials (direct and indirect), on credit. P1.000.000 Usage of raw materials, P750.000 (20% are indirect materials) Manufacturing payroll for the month: Gross amount of 390,000 Direct labor. P90.000 of which for 555 and other government payable. and gross amount of indirect labor. P170.000. P45.000 of which for 555 and government payable. Net salary paid in cash. Other manufacturing overhead costs incurred during the month. P175,000. consisting of janitorial salaries, P80.000 paid in cash for plant utilities. repairs. and supervisory salaries, P130.000 and plant depreciation. P40.000 Allocation of manufacturing overhead to jobs using predetermined OH rate of P12/machine hour. Actual machine hour for the month is 50.000 hours. Completion and transfer of individual jobs to nished goods. P1. 555,000 Cost of goods sold. P880,000 Marketing costs for February, P45.000 and customer service costs for February P15,000. paid in cash Sales, all on credit. P2.270.000 The following are also provided: Tax rate - 30% Interest expenses - P20.000 Administrative expenses P540000 Beginning Inventories: Raw materials. P610000: Work in process. P1.065,000. Finished Goods, P2,100.000. Units manufactured for the period 100,000 units Compute/provide for the following: 1) 2) 3) 4) 5) 6) 7) 8) 9) Provide journal entries per transaction {please use compound entries) Cost of Goods Sold Total Manufacturing Cost Cost per unit under normal costing Cost per unit under actual costing Cost of Goods Manufactured Operating income Ending Finished Goods Inventory Ending Raw Materials Inventory 10) Net Income

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