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Posted on Sep 28, 2024

1.998 ACTIVITY: Process conting (mull-departmetri Solve the problern below. Answer the 34 Here and show your solution in the form of cost of production report.

1.998 ACTIVITY: Process conting (mull-departmetri Solve the problern below. Answer the 34 Here and show your solution in the form of cost of production report. You may submit a handwritten output Panda-meek Company has the following production data for the month of September 2012 1 In process, beg 6,000 9,000 Work to be done 1/3 Stage of completion 1/3 Started in process 44,000 Transferred out 40.000 ? In process, ending ? 8,000 Stage of completion 60% Additional work to complete 12.5% Cost Analysis: Cost last month Cost from preceding department P8,910 Cost of this department: Materials P8,390 P4,464 Labor 3.315 Overhead 1,050 1.332 Cost added this month: Materials 10.800 34,799 Labor 14.200 27.470 Overhead 2,600 18.450 Conversion costs are applied eventy in all departmenta. Materials are applied as follows: Department - all at the start of the process: Department 1. - 30% at the start of the process, 40% when the process is 3/4 completed, and the balance is added at the end of the process. Part 1 (Items 1 to 19): Use the FIFO Method for Department and Department II Part Ii (item 20 to 34): Use the WA Method for Department I and Department Il Determine the following: (FIFO Method) 1. EUP of Materials in Department 2 EUP of Materials in Department 3. EUP of CC in Department 4 EUP of CC in Department il 5. Unit cost of Materials in Department I (round to the nearest centavo) 6. Unit cost of Materials in Department II (round to the nearest centavo) 7. Unit cost of CC in Department 1 (round to the nearest centavo) 8. Unit cost of CC in Department II (round to the nearest centavo) 9. Unit cost from preceding department in Department 1 (round to the nearest centavo) 10. Total cost to be accounted for in Department (round to the nearest peso) 11. Total cost to be accounted for in Department ll (round to the nearest peso) 12. Cost of units in process, beg, transferred out in Department (nearest peso) 13. Cost of units in process, beg transferred out in Department il nearest peso) 14. Cost of units started and completed in the current period and transferred out in Department (nearest peso) 15. Cost of units transferred-in and completed in the current period and transferred out in Department II (nearest peso) 16. Total cost transferred out in Department (nearest peso) 17. Total cost transferred out in Department ll (nearest peso) 18. Cost of WIP, end in Department 1 (nearest peso) 19. Cost of WIP. end in Department il (nearest peso) (WA Method) 20. EUP of Materials in Department! 21. EUP of Materials in Department II 22 EUP of CC In Department 23. EUP of CC In Department II 24. Unit cost of materials in Department 1 (round off to nearest centavo) 25. Unit cost of Materials in Department II (round off to nearest centavo) 26. Unit cost of CC in Department 1 (round off to nearest cantavo) 27. Unit cost of CC in Department II (round off to nearest centavo) 28. Unit cost from preceding department in Department II (round off to nearest centavo) 29. Total cost to be accounted for in Department 1 (round to nearest peso) 30. Total cost to be accounted for in Department II (round to nearest peso) 31. Total cost transferred out in Department 1 (round to nearest peso) 32. Total cost transferred out in Department II (round to nearest peso) 33. Cost of WIP, end in Department (round to nearest peso) 34. Cost of WIP, end in Department II (round off to nearest peso) 1.998 ACTIVITY: Process conting (mull-departmetri Solve the problern below. Answer the 34 Here and show your solution in the form of cost of production report. You may submit a handwritten output Panda-meek Company has the following production data for the month of September 2012 1 In process, beg 6,000 9,000 Work to be done 1/3 Stage of completion 1/3 Started in process 44,000 Transferred out 40.000 ? In process, ending ? 8,000 Stage of completion 60% Additional work to complete 12.5% Cost Analysis: Cost last month Cost from preceding department P8,910 Cost of this department: Materials P8,390 P4,464 Labor 3.315 Overhead 1,050 1.332 Cost added this month: Materials 10.800 34,799 Labor 14.200 27.470 Overhead 2,600 18.450 Conversion costs are applied eventy in all departmenta. Materials are applied as follows: Department - all at the start of the process: Department 1. - 30% at the start of the process, 40% when the process is 3/4 completed, and the balance is added at the end of the process. Part 1 (Items 1 to 19): Use the FIFO Method for Department and Department II Part Ii (item 20 to 34): Use the WA Method for Department I and Department Il Determine the following: (FIFO Method) 1. EUP of Materials in Department 2 EUP of Materials in Department 3. EUP of CC in Department 4 EUP of CC in Department il 5. Unit cost of Materials in Department I (round to the nearest centavo) 6. Unit cost of Materials in Department II (round to the nearest centavo) 7. Unit cost of CC in Department 1 (round to the nearest centavo) 8. Unit cost of CC in Department II (round to the nearest centavo) 9. Unit cost from preceding department in Department 1 (round to the nearest centavo) 10. Total cost to be accounted for in Department (round to the nearest peso) 11. Total cost to be accounted for in Department ll (round to the nearest peso) 12. Cost of units in process, beg, transferred out in Department (nearest peso) 13. Cost of units in process, beg transferred out in Department il nearest peso) 14. Cost of units started and completed in the current period and transferred out in Department (nearest peso) 15. Cost of units transferred-in and completed in the current period and transferred out in Department II (nearest peso) 16. Total cost transferred out in Department (nearest peso) 17. Total cost transferred out in Department ll (nearest peso) 18. Cost of WIP, end in Department 1 (nearest peso) 19. Cost of WIP. end in Department il (nearest peso) (WA Method) 20. EUP of Materials in Department! 21. EUP of Materials in Department II 22 EUP of CC In Department 23. EUP of CC In Department II 24. Unit cost of materials in Department 1 (round off to nearest centavo) 25. Unit cost of Materials in Department II (round off to nearest centavo) 26. Unit cost of CC in Department 1 (round off to nearest cantavo) 27. Unit cost of CC in Department II (round off to nearest centavo) 28. Unit cost from preceding department in Department II (round off to nearest centavo) 29. Total cost to be accounted for in Department 1 (round to nearest peso) 30. Total cost to be accounted for in Department II (round to nearest peso) 31. Total cost transferred out in Department 1 (round to nearest peso) 32. Total cost transferred out in Department II (round to nearest peso) 33. Cost of WIP, end in Department (round to nearest peso) 34. Cost of WIP, end in Department II (round off to nearest peso)