Question: 4. Compute for the cost of WIP, end using Average costing. ATOZ company's product is manufactured in two departments. Units are inspected at the end

4. Compute for the cost of WIP, end using Average costing. ATOZ company's product is manufactured in two departments. Units are inspected at the end of the production process in the first department. Data related to the month of May are: WIP beg (60% materials, 35% labor, and 25% FOH), 1,000 units; started in process this period, 9,000 units; WIP, end (100% materials, 75% labor and 50% FOH), 1,500 units. Cost data follows: WIP beg Cost this Month Materials P1,260 P36,240 Labor 770 10,780 FOH 1,400 21,725

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