The equivalent production of 22,000 units under the average costing is arrived at as follows: Finished and transferred - 20,000 units x 100% = 20,000 In process, March 31 - 3,000 units x 2/3 = 2,000 With the beginning work in process consisting of 5,000 units, 1/5 done, what should be the equivalent production under FIFO? Problem 5 ABS Manufacturing had the following production for the month of July: Units Work in process at July 1 10,000 Started during July 40,000 Completed and transferred to finished goods 33,000 Abnormal spoilage incurred 2,000 Work in process at July 31 15,000 Materials are added at the beginning of the process. As to conversion cost, the beginning work in process was 70% completed while ending work in process is 40% completed. Spoilage is detected at the end of the process. Using the weighted average method, how many were the equivalent units for July for conversion cost? Problem 4 The Salty Mfg. Co. operates three producing departments, A, B and C. It uses the weighted average costing method. The following data are on the production of Department B for October, 2021: Added in Department B Transfer Materials Conversion Units In (In pesos) Cost (PhP) (in Pesos) In process, Oct. 1 5,000 9,990 1,020 998 Received from Department A 20,000 39,010 21,855 21,877 Total 25,000 Transferred out 19,000 Normal Loss 1,000 Abnormal loss In process, Oct. 31 500 4,500 Factory costs are applied evenly throughout the process. Beginning work in process was 20% done while ending work in process is done. Abnormal loss occurred at the end of the process. What should be the accumulated cost of work in process as of October 31 if the normal loss occurred during the process (with adjustment for lost units based on the remaining good units? Problem 7-Average Costing, Unit cost Rason-Ng-Rason Company manufactures Product Dina-Tuto in two-stage production cycle in Departments X and Y and uses the weighted average method. Materials are added at the start of the process in Department Y, Conversion costs for Department Y were 50% complete as to the 6,000 units in the beginning work in process and 75% complete as to the 8,000 units in the ending work in process. Twelve thousand units were completed and transferred out of Department Y in February. An analysis of the costs relating to work in process (WIP) and production activity in Department Y for February is as follows: C O S T S Transferred In Work in process, February 1, costs Added costs in February P 1,000 5,000 The total cost per equivalent unit transferred out for February of Dina-Tuto P 12,000 Materials P 2,500 Labor & FOH 29,000 5,500 rounded to the nearest centavo is?