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PROBLEM: AVERAGE COSTING The addition of water at the start of the process in Dept. B of Mcdo Mfg. Co., increases the quantity by 5%.

PROBLEM: AVERAGE COSTING

The addition of water at the start of the process in Dept. B of Mcdo Mfg. Co., increases the quantity by 5%. The following data pertain to its production for March:

QUANTITY DATA:
In process, March 112,000 units, 1/4 done
Transferred in80,000 units
In process, March 3110,000 units, 2/5 done
Cost Data:

In process, March 1

P17,735

Breakdown:

Cost from Department A P11,800

Cost from Department B:

Materials - P3,125; Labor - P1,490; FOH - P1,320

Transferred inP86,120

Cost added in September:

Materials - P21,835; Labor - P43,510; FOH - P34,680

Materials are added at the start of the process while conversion costs are applied evenly.

QUESTION:

Using the Weighted Average Method, what should be the accumulated cost of work in process as of March 31?

(Solutions must be in good accounting form. Excel form would be good! Account Titles on the left, Amounts on the right. Put tables if necessary. Avoid parenthetical solutions. Thanks a lot!)

HERE IS THE ACTUAL IMAGE OF THE PROBLEM:

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PROBLEM 3 The addition of water at the start of the process in Dept. B of Mcdo Mfg. Co., increases the quantity by 5%. The following data pertain to its production for March: Quantity data: In process, March 1 Transferred in In process, March 31 Cost Data: In process, March 1 12,000 units, % done 80,000 units 10,000 units, 2/5 done P 17,735 Breakdown: Cost from Department A Cost from Department B: P 11,800 Materials- P3,125; Labor-P1,490; FOH-P1,320 Transferred In Cost added in September: Materials P21,835; Labor-P43,510; FOH-P34,680 P86,120 Materials are added at the start of the process while conversion costs are applied evenly. Using the weighted average method, what should be the accumulated cost of work in process as of March 31?

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