Bench Manufacturing Company uses a job order cost accounting system. On April 1, the company has Worked in Process Inventory of $15,000 representing Job No. 323 (materials $8,000, direct labor $5,000, and applied overhead based on 40% direct labor cost ). In April, a summary of source documents reveals the following:

Purchase Order Material A $10,000

Material B 10,000

Materials Requisitions Labor Time Tickets

Job No. 323 # 5 Mat A $ 2,500 JO 323 $ 3,000

              324 # 6 Mat B   3,000       324    4,000

              325 # 7 Mat A    3,500       325    3,000

              326 # 8 Mat B    2,500       326    1,500

General use: Indirect Materials $900 Indirect Labor $1,600

Job No. 323 and 324 are completed but only Job 324 was delivered.

From the above information, prepare cost sheets and answer the following:

1. the total cost of goods manufactured amount to _______.
2. The cost of goods sold amount to ______.
3. If material A has a beginning balance of $3,000, the total cost of raw materials inventory end for Mat A is ______.
4. Material B has no beginning blance, the raw materials invty end for Mat B is __________.
   
   

   At the end of the month, Cutting has still 200 rag dolls in process as it is only 50% complete while 800 were transferred to the next dept. Sewing Department has still 100 in process at the end of the month which is 60% done.

   From the above information, complete the cost flow and answer the following:

   In the cutting department, compute for

5. The equivalent units _________.
6. The cost per unit _________.
7. Cost transferred to the Sewing Department ___________.
8. Work in process end in the Cutting Department ___________.
   In the sewing department, compute for :
9. The equivalent units in the Sewing Department is _________.
10. The unit cost added in this department is __________.

Best Manufacturing Company uses the process cost system to cost its product, rag dolls, which it plans to mass produce at a rate of 1,000 dolls per month. It applies overhead at a rate of 50% of labor cost and started its operation in October 2020 in time for Christmas. A cost flow is illustrated below for its two departments: MATERIALS LABOR FACTORY OVERHEAD WORK IN PROC- Cutting DM DL OH 1,000 dolls ? P35,100 15,000 In Process ?? 200dolls50%done 800 to Sewing P??? WORK IN PROC- Sewing Finished 700 units ?? DM 7,900 15,000 DL OH In Process ?? 100 dolls 60%done Additional costs to process further in the 2nd department