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Please give the requirements, thank you! Problem 2. Manila Flour Company manufacturers flour in three departments, Milling, Sifting and Packaging. The work in process account
Please give the requirements, thank you!
Problem 2. Manila Flour Company manufacturers flour in three departments, Milling, Sifting and Packaging. The work in process account in the Sifting Department on October 1 of the current year and the charges to the account during October are as follows: Balance, 5,400 units, 1/3 completed Direct materials (5,400 x 14.75) P79,650 Conversion costs (5,400 x 1/3 x 8.10) 14,580 Direct materials from Milling Department, 120,000 1,800,000 units Direct labor 306,670 Factory overhead 494,650 During October, 5,400 units in process in October 1 and all the units from Milling Department except for 6,000 units that were 1/3 completed were transferred to Packaging Department. During November, charges to Sifting Department were as follows: Direct materials from Milling Department, 150,000 P2,430,000 units Direct labor 420,900 Factory overhead 637,000 During November, the units in process at the beginning together with 140,000 units entering the Sifting Department were transferred to the Packaging. The remaining units were completed. Required: In the Sifting Department, determine the following: 1) Costs assigned to in process at the of October 2) Costs of units transferred from Sifting to Packaging Department in the month of October. 3) EUP for each cost element in the month of November 4) Total costs to be accounted in the month of NovemberStep by Step Solution
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