342 Problem 5 Cost Accounting Auto Novelties, Inc. manufactures a small robot that can be moved around by remote control. It can be used as a novelty to serve food and drinks to guests, and with a special attachment it can vacuum the carpet. The materials are all added at the beginning of the Assembly Operation (the first operation). Labor and overhead are added uniformly during the month.. Data for the month of July in the Assembly Operation are given as follow Units Costs Work in process, July 1 Units started in process Work in process, July 1 Materials Labor and overhead July costs: Labor and overhead Materials 15,000 250,000 P 210,000 60,000 3,500,000 1,458,000 The inventory of work in process on July 1 was complete as to materials but only 2/3 complete as to labor and overhead. On July 31, the inventory consisted of 20,000 units that were 40% complete with respect to labor and overhead. Required: Using average method and FIFO method compute for Problem 6 1. Equivalent production for materials, labor and overhead 2 Unit cost for materials, labor and overhead 3. Total costs of units completed ad transferred 4. Total costs of units in process, end At the beginning of September, the Ellery Company had P 27,950 (direct materials- P7,800, conversion cost - P 20,150) in Department A's beginning work inprocess inventory. The inventory consisted of 15,500 units which had 100% of direct materials and 65% of conversion cost. During September, 36,000 units were started in process. Costs incurred during the month were: direct materials - P54,000; conversion costs P 79,000. As the 48,000 units were completed, they were immediately transferred to Department B. At the end of September, 3,500 were still in process and are 100% complete as to materials, and 45% converted. Required: Using average method and FIFO method determine the following 1. Equivalent production for materials and conversion cost 2. Unit cost for materials and conversion cost 3. Total costs of units completed and transferred 4. Total costs of units in process, end