Question: please give me encoded solution thankyouu Reference: In using FIFO method, Masipeg Company produces a product that undergoes three processes and the completed items at

please give me encoded solution thankyouu

Reference:

please give me encoded solution thankyouu
In using FIFO method, Masipeg Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For December 2021, Masipag Company presented the following costs on three processes: Required: Process 1 Process 2 Process 3 Material 5 33,750 30, 000 2?,729 91,479 Direct Labor 30 200 22 725 24.543 runs 24 150 1a 130 19:13 62,058 _ mos 72.095 231m Materials are added at: 100% at the beginning 050% at beginning. 40% at beginning, 30% at 50% at 50% complete 50% complete, and remaining 30% at 80% complete. StartediTransferred in 15,000 units 15,200 units 5,?00 units 1,000 units 50% complete. 500 units 103% complete. 250 units 40% complete, 250 Cost: Materials P1250; Cost from preceding uns 70% complete. Cost In process, beginning Labor P1000; 0H P800. department P2325; from preceding pepartment Materials P1,000; Labor P5,2?5; Materials P495; P525: 0H P420. Labor P440: 0H P352. COI'I'IPIBtEd 15,200 units 15.300 Units 15.400 Units In Process, end 800 units 50% complete 400 units 50% complete 400 units at 70% complete

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!