The company are asking you to prepare a cost of production report using FIFO method and...

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The company are asking you to prepare a cost of production report using FIFO method and WA method for department Hotel. Additional materials for Department Golf are added if the product is 30% complete as to labor. No losses for Department Charlie during the period. The company also asks you to answer all the following question below. Department Hotel Unit Data WIP beginning inventory (20% complete as to labor, 30% as to overhead) Transferred-in during the period WIP ending inventory (60% complete as to labor, 40% as to overhead) Cost Data Transferred- in WIP beginning inventory Started during the period Required: Compute the following . EUP for DM . • • EUP for DL DM cost per unit OH cost per unit • Cost of goods manufactured *Round-off 4 decimal places for unit cost *whole number for total cost P 10,000 1,236,096 Direct Materials P 175,000 0 Direct Labor P 5,500 140,000 2,000 units 42,000 units 3,000 units Overhead P 7,000 112,500 The company are asking you to prepare a cost of production report using FIFO method and WA method for department Hotel. Additional materials for Department Golf are added if the product is 30% complete as to labor. No losses for Department Charlie during the period. The company also asks you to answer all the following question below. Department Hotel Unit Data WIP beginning inventory (20% complete as to labor, 30% as to overhead) Transferred-in during the period WIP ending inventory (60% complete as to labor, 40% as to overhead) Cost Data Transferred- in WIP beginning inventory Started during the period Required: Compute the following . EUP for DM . • • EUP for DL DM cost per unit OH cost per unit • Cost of goods manufactured *Round-off 4 decimal places for unit cost *whole number for total cost P 10,000 1,236,096 Direct Materials P 175,000 0 Direct Labor P 5,500 140,000 2,000 units 42,000 units 3,000 units Overhead P 7,000 112,500

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To prepare the cost of production report using the FIFO method and the weighted average method for Department Hotel we need to compute several values ... View the full answer