Bryan Company employs process costing system. A unit of product passes through two departments: Assembly and finishing before it is complete. Information regarding Assembly Department follow:

Work-in-process, Feb 1 4,000 units

Spoiled units 3,000

Started in Production 26,000

Transferred out 24,000

Raw materials are added at the beginning of processing in the Assembly department without changing the number of units being processed. Work in Process on February 1 was 90% complete as to conversion while 4/5 converted on February 28. In the Assembly Department, inspection takes place when the units are 3/4 converted. The company usually experienced a 5% loss based on the completed units. Cost data for the month of February follow:

Total cost of units transferred-out and total cost of work in process, end are:

A. P1,656,000; P186,880

B. P1,718,420; P180,000

C. P1,718,420; P186,880

D. P1,656,000; P180,000

 

Materials Work in-process beginning P 162,000 P 558,000 Current cost The company is using the weighted average costing. Labor P132,000 P441,000 Overhead P142,500 P573,750