Department B of Gee Manufacturing Company, suffer an average evaporation loss of 16%. The production data...

 

Transcribed Image Text:

Department B of Gee Manufacturing Company, suffer an average evaporation loss of 16%. The production data for the month of June, 2020 showed the following: In process, June 4 completed.. Received from prior department... 5,760 units 20,000 units 1,808 units In process June 30 60% completed.. Cost received from prior department. P 50,000 Unit cost for Department B for June totalled P .80, distributed in the ratio of 4:3:1 for materials, labor and overhead respectively. The total cost of transfer to finished goods stockroom for the month amounted to P 80,000. Required: Compute the following 1. Units to be accounted 2. Equivalent production 3. Evaporation loss 4. Total cost of Department B 5. Unit cost from preceding department 6. Total cost of in process Beginning 7. Total cost of Current production 8. Total cost of finished and transferred 9. Total cost of in process end 10.Cost as accounted Department B of Gee Manufacturing Company, suffer an average evaporation loss of 16%. The production data for the month of June, 2020 showed the following: In process, June 4 completed.. Received from prior department... 5,760 units 20,000 units 1,808 units In process June 30 60% completed.. Cost received from prior department. P 50,000 Unit cost for Department B for June totalled P .80, distributed in the ratio of 4:3:1 for materials, labor and overhead respectively. The total cost of transfer to finished goods stockroom for the month amounted to P 80,000. Required: Compute the following 1. Units to be accounted 2. Equivalent production 3. Evaporation loss 4. Total cost of Department B 5. Unit cost from preceding department 6. Total cost of in process Beginning 7. Total cost of Current production 8. Total cost of finished and transferred 9. Total cost of in process end 10.Cost as accounted

Answer rating: 100% (QA)

Lets calculate each of the required values step by step 1 Units to be Accounted Units to be accounted Completed units Inprocess units at the end Units ... View the full answer