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The following departmental data of the Bess Manufacturing Company for the month of January are given: Department A: 100,000 pounds of material costing P25,000 were


The following departmental data of the Bess Manufacturing Company for the month of January are given:

Department A:

100,000 pounds of material costing P25,000 were placed in process

Payrol costs for the montg was P12,000

Overhead costs for the month were P8,000

60,000 pounds were completed and transferred to Department B

40,000 pounds are still in process, all ncessary materials have been applied, but were considered 1/2

complete as to labor and manufacturing overhead costs

Department B:

Payroll costs were P15,000

Overhead cost were P10,00

Of the 60,000 pounds received from Department A, 45,000 pounds were completed and transferred to

the finished goods stockroom, 15,000 pounds are still in process, being 1/3 complete as to labor and manufacturing overhead costs

Requirement:

1.Compute the EUP in each case (FIFO and Weighted Average Method)

2.What was the cost of the goods transferred out and in ending work in process using the FIFO method

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