For the month just ended, the following data were generated by Alonzo Corporation.

Physical units

Units in process, beg. 4,000 gallons

Materials, chemicals (?complete)

Materials, cans (0% complete)

Labor and Overhead (25% converted)

Started in process 21,000 gallons

Transferred to shipping 20,000 gallons

In process, end

Materials, chemicals (100% complete)

Materials, can (? complete)

Labor and overhead (80% complete)

Costs for the month

Work in process, beg.

Materials, chemical P 456,000

Labor (P100 per hour) 62,500

Overhead 18,750

The month's cost added

Materials, chemicals 2,284,000

Materials, cans 70,000

Labor 350,000

Overhead 105,000

The company manufactures high paints. Production begins with the blending of the various chemicals, which are added at the

beginning of the process and ends with the canning of the paint. Canning occurs when the mixture reaches the 90% stage of completion. The gallon cans are then transferred to the Shipping Department for crating and shipment. Direct labor and overhead are added continuously throughout the process. Overhead is allocated on the basis of direct labor hours at the rate of P 30 per hour.

a. Using the weighted average method, the cost per equivalent unit for direct materials, cans amounted to

b. Using the weighted average method, the cost of overhead in the work in process, end amounted

c. Using the weighted average method, the cost per equivalent unit for direct materials, chemicals amounted to

Tan-tan Company produces a small standard component in a process operation. There is a quality control check at the end of the processing.

Items which fail this check are sold off as scrap for P1.80 per unit. The expected rate of rejection is 10%. Normal loss is not given a cost except

that whatever scrap value it has is credited to the process account. The cost/value of the abnormal loss or gain, net of scrap, is written off to the

profit and loss account.

Data for July are as follows:

Materials input 1,000 units P5,100

Conversion cost P3,000

Output to finished goods 800 units

a. What was the full cost of the finished output that passed the quality control check?

Nat Company

has a Mixing Department and a Refining Department. It's process costing system in the Mixing Department has two direct

materials cost categories (material AA and material BB) and one conversion cost pool. The company uses first- in - first- out flow method. The

following data pertain to the Mixing Department for October, 2014.

Units

Work-in-process, October 1: 50% completed 30,000

Work-in-process, October 31, 70% completed 50,000

Unit started 120,000

Completed and transferred 100,000

Costs

Work-in-process, October 1 436,000

Material AA 1,440,000

Material BB 1,500,000

Conversion costs 600,000

Material AA is introduced at the start of operations in the Mixing Department, and Material BB is added when the product is three-fourths

completed in the Mixing Department. Conversion costs are added uniformly during the process.

a. The respective equivalent units for Material AA and Material BB in the Mixing Department for October 2014, are:

b. The cost of goods completed and transferred out to the Refining Department was:

Hannibal Co. processes its product in three consecutive departments, A,B and C. The following data are given for the third department's

production for June,2014.

Quantity data:

In process, June 1 (4/5 complete) 5,000 units

Transferred in 22,000 units

In process, June 30 (3/4 conplete) 8,000 units

Cost data:

In process, June 1 30,610

Transferred in 110,000

Cost added in June

Materials 15,750

Labor 8,400

Overhead 6,300

a. What is the unit cost of the units completed and transferred?

Summer Paradise Company

makes a single product in two departments. The production data for Department B for 2014 follows:

Units

In process, August 1 (40% completed) 4,000 units

Received from Department 1 30,000 units

Completed and transferred 25,000 units

In process, August 31 (60% completed) 6,000 units

Costs

In process, May 1 Added during May

Received from Dept. 1 P14,400 P97,200

Materials 3,800 67,500

Conversion costs 1,940 81,000

Materials are added at the start of the process and losses normally occur during the early stages of the operation.

a. Cost of goods manufactured using FIFO method

b. Cost of the ending work in process inventory using average costing