Question: pls answer po with explanation COMPREHENSIVE PROBLEM FOR PROCESS COSTING Chandler Industries has two departments. In Department 1, all materials are added at the start

 pls answer po with explanation COMPREHENSIVE PROBLEM FOR PROCESS COSTING Chandler

pls answer po with explanation

COMPREHENSIVE PROBLEM FOR PROCESS COSTING Chandler Industries has two departments. In Department 1, all materials are added at the start of production. Department 2 adds material at the 75 percent completion point; this material does not cause an increase in the number of units being processed. The conversion cost are incurred evenly all throughout the process. The following production cost data are applicable for operations for the period of the current year: UNIT DATA Department 1 Department 2 Beginning units during the period 2,000 3,500 Started units during the period 48,000 ? Ending units during the period 3,000 5,000 PERCENTAGE OF WORK DONE DURING THE PERIOD Department 1 Department 2 Beginning Inventory 45% 60% Ending Inventory 60% 50% COST DATA Department 1 Department 2 Beginning WIP Inventory Direct Materials Direct Labor Overhead Transferred-in cost Total Beg. WIP Inventory P20,000 9,900 6,600 P54,250 32,350 53,000 63,250 202,850 36,500 Started manufacturing cost during the period Direct Materials Direct Labor Overhead Transferred-in cost Total started manufacturing cost P 240,000 141,300 94,200 P 261,000 153,650 109,750 ? ? 475,500 Total cost to account for 512.000 ? Required: Prepare the cost of production report assuming the company is using the following method FIFO Weighted Average

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