Numbers 14 & 15 The cost data and production data for CPA Company for the month of August were as follows: Cost Data: Work in Process, Aug 1: Materials Conversion P100,000 P142,000 Cost added this month: Materials P1,200,000 Conversion P3,204,000 Production Data: 37,500 units 400,000 units 362,500 units 65,000 units ? Work in Process, Aug 1 (40% complete) Started in production this August Transferred Out Work in Process, Aug 31 (30% to be done) Lost units The company employs FIFO Process Costing System. All materials are added at the start of the process and lost units are detected at the inspection point of 75% completion. 14. Assuming all the lost units are considered normal losses, what are the costs assigned to units transferred out and units in ending work in process? a. P3,997,000; P559,000 b. P3,997,000; P715,000 c. P4,087,000; P559,000 d. P4,087,000; P715,000 15. Assuming all the lost units are considered abnormal losses. what are the costs assigned to units transferred out and units in ending work in process? a. P3,997,000; P559,000 b. P3,997,000; P715,000 c. P4,087,000; P559,000 d. P4,087,000; P715,000 Numbers 16-17 CPA Company produces a plastic toy in a two-stage molding and finishing operation. The company uses the weighted average method of process costing. During June, the following data were recorded for the Finishing Department. Units of beginning Work in Process Inventory Percentage of completion of Beg Inventory Cost of direct materials in beg WIP Units started Units Completed 20,000 25% PO 140,000 100,000 40,000 95% 20,000 Units in ending WIP Inventory Percentage of completion of Ending Inventory Spoiled Units (Lost Units) Costs added during the current period: Direct Materials Conversion Costs WIP, Beg: Direct Materials Conversion Costs Conversion costs are incurred evenly during the process. P655,200 P1,251,600 P-0- P42,000 All direct materials costs are added when at 90% of the production process. The inspection point where lost units are detected is at 80% stage of production. 16. Assuming all the lost units are considered normal losses, what are the costs assigned to units transferred out and units in ending work in process? a. P1,308,000; P506,400 b. P1,308,000; P544,800 C. P1,404,000; P544,800 d. P1,404,000; P506,400 17. Assuming all the lost units are considered abnormal losses. what are the costs assigned to units transferred out and units in ending work in process? a. P1,308,000; P506,400 b. P1,308,000; P544,800 c. P1,404,000; P544,800 d. P1,404,000; P506,400