1. For each of the following independent cases, compute the equivalent production using

[1] FIFO and [2]Average

A. Work in process, beginning, 12,000 units - completed and 8,000 units 1/8 completed; started in process, 50,000 units; transferred and completed, 40,000 units; work in process end, 1/6 completed.

B. Work in process beginning: 10,000 units, 2/5 completed 10,000 units, 3/5 and 5,000 units, 2/5 completed. Placed into process: 40,000 units Finished and transferred: 45,000 units Work in process end: is 4/5 completed and the balance is completed.

C. Work in process beginning: 1/3 completed Started in process: 44,000 units Transferred: 30,000 units Work in process end: 20,000 units, 1/5 completed

D. Work in process beginning: 6,000 units, completed 9,000 units, 1/3 completed Started in process: 30,000 units Completed and transferred: 20,000 units Work in process end: is 2/5 completed; is 4/5 completed; balance 1/10 completed

E. Work in process beginning: 5/8 completed Started in process: 10,000 units Transferred out: 8,000 units Completed and on hand: 1,600 units Work in process, end: 16,400; 4/5 completed

2.. The Lighting Manucturing Company uses average costing and manufactures a single product in two producing departments. For the month of April, the cost and production data were as follows:

Mixing Finishing

Quantity Data:

WIP, beg 5,000 6,000

Stage of Completion Materials 100% -0-

Conversion Cost 50% 60%

Started in Process 10,000

Transferred to the next Dep't. 10,000 11,000

WIP, end 5,000 5,000

Stage of Completion Materials 80% -0-

Conversion Cost 40% 50%

Cost data:

Cost in WIP, beg

Costs from preceding Dep't - $63,000

Materials $42,000 -

Direct labor 35,000 62,500

Factory Overhead 20,500 45,000

Costs added this month

Materials 90,000 -

Direct labor 52,000 140,000

Factory Overhead 37,500 90,000

Prepare a cost of production report for both departments for the month of April.

3.. Monsters Inc. uses two producing departments namely X and Y. In Dep't Y, the second dept, costs are applied evenly throughout the process. Prepare the cost of production report of Dept Y using the following data for February of the current year:

WIP, beg - 6,000 units, done, P19,710 (50% of which was from department X, 20% for materials, 10% labor, 20% overhead)

Received from Dep't X - 35,000 units @ P3

Factory Costs : Materials, P20,770; Direct Labor, P8,375; FOH, P16,750

WIP, end - 8,000 units done

Kindly solve with solutions thank you "JINGYI"