1. Department Y of VERY GOOD Company applies materials as follows: 10% on the first day, 15%...
Question:
1. Department Y of VERY GOOD Company applies materials as follows: 10% on the first day, 15% on the next three days, 35% on the fifth day and 40% during the last four days. The processing covers 10 days and applies conversion cost uniformly. 1. Production data were as follows: WIP, beg. in December 24,000units (40% completed); Received from prior department in December 100,000 units; Finished units 80,000; WIP, END ? (40% incomplete) 2. Cost data in December: Unit cost from Department X P10.00; Unit cost of Materials P3.00; and conversion cost per unit P4.50 3. Cost data in November: Unit cost from Department X P15.00; Unit cost of materials P5.00 and conversion cost per unit P6.50 4. The company is using FIFO method in its production process
Compute for the EUP of Materials in December
What is the EUP of conversion cost
How much are the cost charges of Finished units?
How much is the cost charges of WIP, end?
2. Maganda Corporation uses Material A which is applied at the start of the process, while material B is added to the good units. Inspection is at 90% completion. Normal spoilage is 5% of good output. the following info were given: 1. IPB 3,000 units (40% completed) ; started in process 20,000 units ; transferred to next Dept 16,500 units; IPE inventory 4,500 units (95% completed)
What is the EUP of Material A. using FIFO method?
What is the EUP of material B using FIFO method
What is EUP of conversion cost using Fifo method?
What is the EUP of material A using average method
What is the EUP of material B using Average method
What is the EUP of conversion cost using Average method
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna