CoursHeroTranscribedText: Supply The Answer: In encoding your answer type only the amount, no comma, no peso sign, no decimal, no words must be encoded. Example: 98750 or (98750) "I think we goofed when we hired that new assistant controller," said Celine, president Holland Industries. "Just look at this production report that he prepared for last month for the finishing Department. I can't make heads or tails out of it." Finishing Department costs: Work in process inventory, April 1, 450 units; materials 100% complete; conversion 60% complete 8,208* Costs transferred in during the month from the preceding department, 1,950 units 17,940 material cost added during the month (material are added when processing is 50% complete in the Finishing Department) 6,210 Conversion costs incurred during the month 13,920 Total departmental costs 46,278 Finishing Department costs assigned to: units completed and transferred to finished goods, 1,800 units at P25.71 per unit 46,278 work in process inventory, April 30, 600 units; materials 0% complete; conversion 35% complete Total departmental costs assigned 46,278 *Consist of cost transferred in, P4,068; materials cost, P1,980; and conversion cost, P2, 160. He's struggling to learn our system," replies Miles Robertson the operation manager. "the problem is that he's been away from process costing for a long time, and coming back slowly." Its not just the format of his report that I'm concerned about. Look at that P25.71 unit cost that he's come up with for April. Doesn't that seem high to you?" said Ms. Celine "Yes, it does seem high; but on the other hand, I know we had a increase in materials prices during April, and that may be the explanation," replied Robertson. "I'll get someone else to redo this report and then may be able to see what's going on." Holland Industries manufactures a ceramic product that goes through two processing departments- Molding and Finishing. The company uses the weighted-average method in its process costing. The following questions are to be asked in this problem: 1. Determine the correct cost of goods completed during the period. 2. Determine the correct cost of the ending WIP for the period