The JBriones Company uses process costing in its two producing departments. The following information pertain to...

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The JBriones Company uses process costing in its two producing departments. The following information pertain to Department 2 for November. Normal spoilage is 5% of output: inspection and identification of spoilage take place at the end of the process; materials are added after inspection. Department 2 received 28,000 units from Department 1 at a cost of P280,000. Department 2 costs were P24,000 for materials and P180,000 for conversion costs. A total of 16,000 units were completed and transferred to finished goods. At the end of the month. 10,000 units were still in process, estimated to be 60% complete as to conversion costs CS Scanned with CamScanner Requirements: 1. Prepare the production report. 2. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 50% stage of completion and 70% of materials is added after the inspection point and the remaining 30% is added at the end of the production. Prepare the production report. 3. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 70% stage of completion and 70% of materials is added after the inspection point and the remaining 30% is added at the end of the production. Prepare the production report. The JBriones Company uses process costing in its two producing departments. The following information pertain to Department 2 for November. Normal spoilage is 5% of output: inspection and identification of spoilage take place at the end of the process; materials are added after inspection. Department 2 received 28,000 units from Department 1 at a cost of P280,000. Department 2 costs were P24,000 for materials and P180,000 for conversion costs. A total of 16,000 units were completed and transferred to finished goods. At the end of the month. 10,000 units were still in process, estimated to be 60% complete as to conversion costs CS Scanned with CamScanner Requirements: 1. Prepare the production report. 2. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 50% stage of completion and 70% of materials is added after the inspection point and the remaining 30% is added at the end of the production. Prepare the production report. 3. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 70% stage of completion and 70% of materials is added after the inspection point and the remaining 30% is added at the end of the production. Prepare the production report.