The October data for CPA Company are shown below: Department 1 Department 2 Units started in process
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Question:
The October data for CPA Company are shown below:
Department 1 Department 2
Units started in process 25,000
Units received from previous department 15,000
Units transferred to finished goods inventory 7,000
Units completed but not transferred 1,000
Ending units in process 10,000 (80% direct Materials, 7,000
65% Conversion costs) (75% conversion costs)
Costs added by department:
Direct materials P12, 650
Direct Labor 13,545 P9,805
Manufacturing Overhead (applied) 5,160 6,625
Required: For both departments:
- Compute equivalent unit of production.
- Prepare a separate cost of production report.
Expert Answer:
Department 1 Equivalent units of production Units started in process 25000 Units received from previ... View the full answer
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