1. Handsome Tool Company manufactures a product in two departments, Shaping and Assembly. The product is cut out of sheet metal, bent to shape, and painted in the Shaping Department. Then, it is transferred to the Assembly Department where component parts purchased from outside vendors are added to the unit. A process cost system with a FIFO cost flow assumption is used to account for work in process inventories. Data related to September operations in the Assembly

Department follow:

Units in beginning inventory (90% materials, 80% labor and overhead) .......................1,000

Units received from the Shaping Department this period .............................................3,,000

Units transferred to Finished Goods Inventory this period ..........................................2,800

Units in ending inventory (50% materials, 40% labor and overhead)..........................1,200

BeginningAdded

Costs charged to the department:..........................................................Inventory This Period

Costs from the preceding department.................................................23,600 29,250

Materials............................................................................................7,700 13,375

Direct labor ........................................................................................3,500 9,672

Factory overhead ...............................................................................4,900 16,616

Makea September cost of production report on a FIFO basis for theAssembly Department. (USE EXCEL)

2. Corte Corporation manufactures a product that is processed in two departments: Mixing and Cooking. At the beginning and end of October, there were no inventories of unfinished work. During the month of October, 50,000 units of this product were completed. Materials used during the month amounted to Php28,000, of which one half were used in the Mixing Department and one half were used in the Cooking Department. Direct labor wages totaled Php60,000, with Php40,000 applicable to Mixing and Php20,000 to Cooking. The amounts for direct factory overhead incurred for each department and for general factory overhead apportioned to each department were:

Mixing Cooking

Department Department

Factory overhead incurred Php7,500 Php9,000

General factory overhead apportioned 5,000 6,000

Make a partial cost of production report, showing the total cost to be accounted for in each department.(USE EXCEL)