1. FTGCompany manufactures Product X in a two-stage production cycle in Departments A and B. Materials are added at the beginning of the process in Department B. Roger uses the average costing method. Conversion costs for Department B were 50% complete as to the 6,000 units in beginning work in process and 75% complete as to the 8,000 units in ending work in process. A total of 14,000 units were completed and transferred out of Department Aduring February. An analysis of the costs relating to work in process and production activity in Department B for February follows:

Transferred- Materials Conversion

in CostsCostsCosts

Work in process, February 1:

Costs attachedP12,000P2,500P1,300

February activity:

Costs added29,0005,5005,000

What is the total costs of goods completed and transferred to finished goods inventory?

2. Handy Tool Company manufactures a product in two departments, Shaping and Assembly.The product is cut out of sheet metal, bent to shape, and painted in the Shaping Department.Then, it is transferred to the Assembly Department where component parts purchased from outside vendors are added to the unit.A process cost system with a fifo cost flow assumption is used to account for work in process inventories.Data related to November operations in the Assembly Department follow:

Units in beginning inventory (90% materials, 80% labor and overhead) 1,000

Units received from the Shaping Department this period 3,000

Units transferred to Finished Goods Inventory this period 2,800

Units in ending inventory (50% materials, 40% labor and overhead) 1,200

BeginningAdded

Costs charged to the department:InventoryThis Period

Costs from the preceding departmentP23,600P29,250

Materials7,70013,375

Direct labor3,5009,672

Factory overhead4,90016,616

What is the total costs of goods completed and transferred to finished goods inventory?

3. FTGemploys a weighted average process costing system for its products.One product passes through three departments (Molding, Assembly, and Finishing) during production.The following activity took place in the Finishing Department during March 2021:

Units in beginning inventory 4,200

Units transferred in from Assembly 42,000

Good units transferred out 33,600

Work in process, March 3110,500

Cost transferred in the work in process March 1P 18,900

Cost transferred in fromAssembly Department212,100

The costs per equivalent unit of production for each cost added by the Finishing Department coming from the assembly departmentarea as follows:

Raw material P1.00

ConversionP3.00

Raw material is added at the beginning of the Finishing process without changing the number of units being processed.Work in process inventory was 40 percent complete as to conversion on March 31.All spoilage was discovered at final inspection.Of the total units spoiled, 1,680 were within normal limits.

A) Determine the cost of units transferred out of Finishing

B) Determine the cost associated with abnormal spoilage for the month