PROBLEM 7 ABC company accumulated the following cost in Department B During the Month of November:...

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PROBLEM 7 ABC company accumulated the following cost in Department B During the Month of November: Beginning Inventory Current Period Cost Conversion Costs Cost Transferred from Dept. A Material Total P 17,050 184.000 0 P 34,000 P 201,050 P 34,000 P 5,450 104,000 P 109,450 P 22,500 322,000 P344,500 Production for November in Department B (in units): WIP-November 1 Complete period transferred WIP-November 30 2,000 60% complete 20,000 5,000 40% complete Materials are not added in Department B until the very end of processing Department B. Required: Compute the value of ending WIP Using FIFO method: PROBLEM 8 ABC Company manufactures chairs to the exacting specifications of various customers. During January 2020, Job 123 for the production of 1,100 chairs was completed at the following costs per unit: Direct materials Direct labor Applied factory overhead Total P10 8 12 P30 Final inspection of Job 123 disclosed 50 defective units and 100 spoiled units. The defective chairs were reworked at a total cost of P500, and the spoiled chairs were sold to a jobber for P1,500. What would be the unit cost of the good units produced on Job 123? PROBLEM 7 ABC company accumulated the following cost in Department B During the Month of November: Beginning Inventory Current Period Cost Conversion Costs Cost Transferred from Dept. A Material Total P 17,050 184.000 0 P 34,000 P 201,050 P 34,000 P 5,450 104,000 P 109,450 P 22,500 322,000 P344,500 Production for November in Department B (in units): WIP-November 1 Complete period transferred WIP-November 30 2,000 60% complete 20,000 5,000 40% complete Materials are not added in Department B until the very end of processing Department B. Required: Compute the value of ending WIP Using FIFO method: PROBLEM 8 ABC Company manufactures chairs to the exacting specifications of various customers. During January 2020, Job 123 for the production of 1,100 chairs was completed at the following costs per unit: Direct materials Direct labor Applied factory overhead Total P10 8 12 P30 Final inspection of Job 123 disclosed 50 defective units and 100 spoiled units. The defective chairs were reworked at a total cost of P500, and the spoiled chairs were sold to a jobber for P1,500. What would be the unit cost of the good units produced on Job 123?