1. The department production report of Peninsula Company for August is summarized below:

Assembly Finishing

Department Department

Quantity:

Started in Production - Current Month 2,000 -0-

Transferred in From Prior Department -0- 1,860

Transferred out to Next Department 1,860 -0-

Transferred out to Finished goods -0- 1,800

State of Completion of Ending WIP

Materials Complete 40%

Labor 70% 10%

Overhead 75% 40%

Costs allocated to the departments are presented below:

Materials Labor Overheard

Assembly Department P30,000 P29,670 P18,830

Finishing Department 68,000 13,671 7,825

Required: Prepare

cost of production report for each department. Round total costs to the nearest peso. Use WAM.

2. Royce Pogi Manufacturing Co. uses process costing in the manufacture of its sole product. The following information is available for the current year:

Units started 100,000 units

WIP, beg. (80% complete) 20,000 units

Normal spoilage 3,500 units

Abnormal spoilage 5,000 units

WIP, end (20% incomplete) 14,500 units

Cost of beginning WIP

Material P90,000

Conversion 210,000

Current cost

Material 690,000

Conversion 471,150

All materials are added at the start of the process. Royce Pogi inspects goods at 75% completion as to conversion.

Required:

Using FIFO...

1.Compute for the EUP for materials and conversion.

2.Compute for the cost per EUP for materials and conversion.

3.Compute for the cost assigned to units completed.

4.Compute for the cost assigned to the ending inventory.

Using average costing...

5.Compute for the EUP for materials and conversion.

6.Compute for the cost per EUP for materials and conversion.

7.Compute for the cost assigned to units completed.

8.Compute for the cost assigned to the ending inventory.