QUESTION $3$

Instructions:

Complete the $5$ steps of computations for the process costing system, using FIFO for Department A and weighted average for Department B; and journalize the transfers from Department A to Department B and from Department B to Finished Goods.

Following are the data of production cost and units produced for Affluent Productions Corp:

$\backslash$table$[[\backslash$table$[[$PHYSICAL UNITS$],[$INPUTS$]],$Department A$,$Completed as to$,$Department B$,$Completed as to$],[$materials$,$conversion costs,materials,conversion costs$],[$Beginning WIP,$2,000,15\%,30\%,4,000,80\%,],[$New units started,$8,000,,,$Refer to Dept A$,,],[\backslash$table$[[$Normal spoilage$],[$Abnormal spoilage$]],300,,,400,,],[\backslash$table$[[$Abnormal spoilage$],[$Ending WIP$]],\backslash$table$[[500],[1,200]],70\%,85\%,\backslash$table$[[300],[2,300]],35\%,60\%$