Conversion costs are applied evenly in all departments. Materials are applied as follows:

Department I - all at the start of the process:

Department II - 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

 

Determine the following: with solution

 

(Use FIFO Method)

1. EUP of Materials in Department I

2. EUP of Materials in Department II

3. EUP of CC in Department I

4. EUP of CC in Department II

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 I (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 II (round to the nearest centavo)

10. Total cost to be accounted for in Department I (round to the nearest peso)

11. Total cost to be accounted for in Department II (round to the nearest peso)

12. Cost of units in process, beg. transferred out in Department I (nearest peso)

13. Cost of units in process, beg. transferred out in Department II (nearest peso)

14. Cost of units started and completed in the current period and transferred out in Department I (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 I (nearest peso)

17. Total cost transferred out in Department II (nearest peso)

18. Cost of WIP, end in Department I (nearest peso)

19. Cost of WIP, end in Department II (nearest peso)

 

(Use WA Method)

 
20. EUP of Materials in Department I

21. EUP of Materials in Department II

22. EUP of CC in Department I

23. EUP of CC in Department II

24. Unit cost of materials in Department I

 

Panda-meek Company has the following production data for the month of September 20x2. | || 9,000 6,000 1/3 In process, beg. Work to be done Stage of completion Started in process Transferred out In process, ending Stage of completion Additional work to complete Cost Analysis: Cost last month Cost from preceding department Cost of this department: Materials Labor Overhead Cost added this month: Materials Labor Overhead 44,000 40,000 ? 60% P8,390 3,315 1,050 19,800 14,200 2,600 1/3 - ? 8,000 12.5% P8,910 P4,464 1,998 1,332 34,799 27,470 18,450