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The Kawilihan Manufacturing Inc. uses a process cost accounting system. The production data for the month of May show the following: Dept. 2 Dept. 3

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The Kawilihan Manufacturing Inc. uses a process cost accounting system. The production data for the month of May show the following: Dept. 2 Dept. 3 Physical Units In process, May 1 8,000 4,000 Stage of completion 1/4 3/4 ? Received from preceding department 42,000 Finished and transferred to next dept. ? ? 5,000 1,000 In process, May 31 75% 40% Stage of completion In Dept. 2, materials are applied as follows: 40% at the start of the process; 20% when the process reaches midpoint; and the balance at the end of the process. In Dept. 3, 25% of the materials is applied at the start of the process; 45% when the process reaches 3/4 completion; and the balance at the end. Both departments apply conversion costs uniformly throughout the process. Dept. 2 Dept. 3 Costs Data Amount Amount Cost, In Process, May 1 P4.000 P2.000 10,500 ? Cost from preceding department Cost incurred this month: Materials 13,440 9,090 Conversion 18,700 6,810 Required: Prepare a cost of production report for Dept. 2 and 3 for the month of May using FIFO method. Show supporting computations for the missing items. Question 9 what is the WIP ending cost for Dept 2? Question 10 what is the physical units received by Department 3 ? (from Dept 2) or what the physical units received from Dept 2? Question 11 what are the total units transferred by Dept 3? Question 12 What is the total quiv units of EP in Dept 3

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