Question
Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of 10%. The following data were obtained for the
Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of 10%. The following data were obtained for the month of October, 2019:
Units:
In process, October 1 (2/5 completed) 9,600 gallons
Received from Department A 30,000 gallons
Finished and transferred 25,200 gallons
In process, October 31 (1/4 complete) 11,700 gallons
Costs:
In process beginning P5,760
Received from Department A 30,000
Current costs
Materials 19,440
Labor 7,290
Overhead 2,430
1. Under FIFO method, what was the actual units of the Work in Process Beginning Inventory?
2. Under FIFO method, what was the actual units of the Work in Process Inventory at the End?
3. Under FIFO, how many units is the Equivalent Units of Production (EUP)?
4. Under FIFO, how much is the unit cost?
5.Under FIFO, how much is the cost of the work in process at the beginning?
6. Under FIFO, how much is the cost of the completed units (finished and transferred out)?
7. Under FIFO, how much is the cost of the work in process at the end?
8. Under Weighted Average Method, the EUP, Finished and Transferred was how many units?
9. Under Weighted Average Method, the EUP for the Work in Process at the End was how many units?
10. Under Weighted Average Method, what was the total unit cost?
11. Under Weighted Average Method, how much was the cost of the Finished and Transferred out units?
12. Under Weighted Average Method, what was the cost of the Work in Process at the end?
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