use any method by your choice, mention your choice CoursHeroTranscribedText P11-2 San Francisco Company manufacturers a product

use any method by your choice, mention your choice

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P11-2 San Francisco Company manufacturers a product in two departments: A and B. Owing to rigid quality of control measures, an avoidable unit loss occurs in Department B. Production data for the month of May 2015 follows: Units: In process, beginning Received from Dept. A Finished & transferrednia Finished & on hand In process, end. Lost units 20,000 2/5 completed 30,000 ? 5,000 10,000 1/4 completed 2,000 Costs: In process, beginning 60,000 Received from Dept. A 105,000 Cost added: Materials 28,875 Labor 26,960 Overhead 17,290 Required: Prepare a cost of production report under each of the following cases: a. Lost units are discovered at the start of the process. b. Lost units are discovered during the process. C. Lost units are discovered at the end of the process. TOPIC: PROCESS COSTING-LOST UNITS P11-2 San Francisco Company manufacturers a product in two departments: A and B. Owing to rigid quality of control measures, an avoidable unit loss occurs in Department B. Production data for the month of May 2015 follows: Units: In process, beginning Received from Dept. A Finished & transferrednia Finished & on hand In process, end. Lost units 20,000 2/5 completed 30,000 ? 5,000 10,000 1/4 completed 2,000 Costs: In process, beginning 60,000 Received from Dept. A 105,000 Cost added: Materials 28,875 Labor 26,960 Overhead 17,290 Required: Prepare a cost of production report under each of the following cases: a. Lost units are discovered at the start of the process. b. Lost units are discovered during the process. C. Lost units are discovered at the end of the process. TOPIC: PROCESS COSTING-LOST UNITS

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