The company is processing a product in 4 departments A, B, C, and D as the last department. The following pertains for the production last April 2022. Department F Department A 20,000 25% Department B 10,000 30% Department C 10,000 Department D 10,000 IP Beg. Units Department E 10,000 10,000 IP Beg. % 35% 40% 45% 50% US/UR 60,000 70,000 70,000 70,000 70,000 70,000 CTO 70,000 70,000 70,000 70,000 70,000 IP End Units 8,000 8,000 10,000 75% 8,000 60% 8,000 55% ? 10,000 50% IP End % 70% 65% IP Beg. Cost PD Cost P50,000 P50,000 P50,000 P50,000 P80,000 P50,000 P80,000 DM P80,000 P80,000 P80,000 P80,000 Conversion Cost P120,000 P120,000 ? P120.000 ? P120,000 ? P120,000 ? P120,000 ? PD Cost Current Cost DM P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 2% of Good Units P80,000 P120,000 Conversion Cost Normal Lost Units 2% of Good Units 2% of Good Units 2% of Good Units Increase in Units Method Average 100% at the Beginning Material Application Average 50% Beginning: 50% End FIFO 100% at the End FIFO 50% Beginning: 20% following inspection; 30% at the end 55% FIFO 30% Beginning: 50% following inspection; 20% at the end 55% 20% Average 100% at the beginning 55% Inspection End 55% Beginning 1) Compute for the following: Department A Department B Department C Department D Department E Department F Direct Material EUP Conversion Cost EUP Unit Cost (PD) Unit Cost (DM) Unit Cost (CC) Cost for CTO Cost for EUP FOHC 2) Prepare Cost of Production Report for Department B, D, and E 3) Prepare all necessary Journal Entries Department G 10,000 55% ? ? 10,000 45% P50,000 P80,000 P120,000 ? P80,000 P120,000 FIFO 50% following inspection; 50% at the End 55% Department G The company is processing a product in 4 departments A, B, C, and D as the last department. The following pertains for the production last April 2022. Department F Department A 20,000 25% Department B 10,000 30% Department C 10,000 Department D 10,000 IP Beg. Units Department E 10,000 10,000 IP Beg. % 35% 40% 45% 50% US/UR 60,000 70,000 70,000 70,000 70,000 70,000 CTO 70,000 70,000 70,000 70,000 70,000 IP End Units 8,000 8,000 10,000 75% 8,000 60% 8,000 55% ? 10,000 50% IP End % 70% 65% IP Beg. Cost PD Cost P50,000 P50,000 P50,000 P50,000 P80,000 P50,000 P80,000 DM P80,000 P80,000 P80,000 P80,000 Conversion Cost P120,000 P120,000 ? P120.000 ? P120,000 ? P120,000 ? P120,000 ? PD Cost Current Cost DM P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 2% of Good Units P80,000 P120,000 Conversion Cost Normal Lost Units 2% of Good Units 2% of Good Units 2% of Good Units Increase in Units Method Average 100% at the Beginning Material Application Average 50% Beginning: 50% End FIFO 100% at the End FIFO 50% Beginning: 20% following inspection; 30% at the end 55% FIFO 30% Beginning: 50% following inspection; 20% at the end 55% 20% Average 100% at the beginning 55% Inspection End 55% Beginning 1) Compute for the following: Department A Department B Department C Department D Department E Department F Direct Material EUP Conversion Cost EUP Unit Cost (PD) Unit Cost (DM) Unit Cost (CC) Cost for CTO Cost for EUP FOHC 2) Prepare Cost of Production Report for Department B, D, and E 3) Prepare all necessary Journal Entries Department G 10,000 55% ? ? 10,000 45% P50,000 P80,000 P120,000 ? P80,000 P120,000 FIFO 50% following inspection; 50% at the End 55% Department G
