346 Problem 12 Cost Accounting three departments - Molding, Assembly, and Finishing, before it is completed. The icole Company employs a process costing system. A unit of product passes through following activity took place in the Finishing Department during May: Work in process, May 1 - 1,400 units; transferred in from the Assembly Department - 14,000; spoilage 700; completed and transferred to finished goods inventory 11,200. Direct material is added at the beginning of the processing in the Finishing Department without changing the number of units being processed. Conversion costs are added evenly throughout the process. The work in process inventory was 70% complete as to conversion costs in May 1 and 40% complete as to conversion costs on May 31. All spoilage is discovered at final inspection, which occurs 560 of the units spoiled were within the limit after the units are completed: considered normal. Nicole Company employs the weighted-average costing method. The costs per equivalent unit of production in May are as follows: costs P5.00; materials - P1.00 and conversion costs - P 3.00 - Required: 1. Cost of the units completed and transferred 2. Cost charged to factory overhead control 3. Cost of the units in process, end immediately transferred-in Problem 13 Samahan, Inc. manufactures a highly sensitive smoke alarm and uses the FIFO method. In costing finished goods, the unit costs for units completed from the work- in-process at the beginning of the period is kept separate from the unit cost of those started and completed during the period. The total manufacturing costs for the month of June, 2016 is P264,000 and 2,750 units are completed during the month. The inventories at the beginning pf June are: Smoke alarm in process (80% complete) Smoke alarms on hand (complete) The inventories at the end of June are: 1,250 units P128,000 600 units 76,800 Smoke alarm in process (50% complete) Smoke alarms on hand (complete) 500 units 700 units Required 1. Total cost of the units in process, end 2. Cost of finished goods inventory at the end 3. Total costs of the units sold