prepare COPR for each department
Units Company ABC process its product from department 1 to 3, the process and the data for the month of August is as follows: Dept A Adds 40% of Materials at the start of the process and 30% of Mewn prooms in 80% complete and the ble when the process is 100% complete plan conversion costs uniformly throughout production Dept. B: Adds Materials at the beginning of processing applies conversion costs uniformly Dept. C Adds 40% of Materials the stat, add another 20% when the process is 50% and the balance at the end of processing is conversion costs uniformly Production Data for August Dept. A Dept. B Deplc In Process, August Stage of Completion 15.000 20.000 10.000 BOX 25 40% Transferred to Next Det 90.000 100.000 108000 in Process August 31 0.000 10.000 2.000 Se of Completion 10% 20 50% Costs in Proos, August Amount Amount PnP) Amount (PP) Added in August 30,150 45.000 33.300 Materials Labor 55,500 35.000 61.900 44,700 51.000 55,000 Overhead 21.550 15.300 22,200 The company is thinking to switch to WAM method for the next annual accounting period. Berest: Prepare a COPR for each department using FIFO method Units Company ABC process its product from department 1 to 3, the process and the data for the month of August is as follows: Dept A Adds 40% of Materials at the start of the process and 30% of Mewn prooms in 80% complete and the ble when the process is 100% complete plan conversion costs uniformly throughout production Dept. B: Adds Materials at the beginning of processing applies conversion costs uniformly Dept. C Adds 40% of Materials the stat, add another 20% when the process is 50% and the balance at the end of processing is conversion costs uniformly Production Data for August Dept. A Dept. B Deplc In Process, August Stage of Completion 15.000 20.000 10.000 BOX 25 40% Transferred to Next Det 90.000 100.000 108000 in Process August 31 0.000 10.000 2.000 Se of Completion 10% 20 50% Costs in Proos, August Amount Amount PnP) Amount (PP) Added in August 30,150 45.000 33.300 Materials Labor 55,500 35.000 61.900 44,700 51.000 55,000 Overhead 21.550 15.300 22,200 The company is thinking to switch to WAM method for the next annual accounting period. Berest: Prepare a COPR for each department using FIFO method