Question: Problem 2 - Normal Loss Materials are added at the start of the process in Department B. Units received from Department A cost P11.10 and

Problem 2 - Normal Loss

Materials are added at the start of the process in Department B. Units received from Department A cost P11.10 and in Department B, unit costs are P1 for materials and P1.22 for conversion cost. Quantity Data include: In process, July 1 at 8,000 units, 3/4 done; Received from Dept. A is 50,000 units; In process, July 31 is 10,000 units, 1/5 done. Normal loss at the end is 3,000 units. Estimated recovery from spoiled units is P3,000.

Question:

What should be the accumulated cost of the July 31 work in process?

(Solutions must be in good accounting form. Excel form would be good! Account Titles on the left, Amounts on the right. Put tables if necessary. Avoid parenthetical solutions. Thanks a lot!)

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