Question: What are the equivalent units of production for materials? - What are the equivalent units of production for labor and overhead? - What is the

PROBLEM B Summer Company makes a single chemical product in 2 departments. The addition of chemicals in the second department increases the weight of the product by 25%. The chemicals are added when the products reaches 50% of completion stage. The following information were gathered for Department 2 for the month of May: Units: In Process Beg 60% done Received from Dept A Completed and Transferred 4,000 30,000 25,000 In Process End 60% ? Costs: In Process, Beg P20,140 Preceding Dept Cost 97.200 Materials 67,500 Conversion 81,000 Prepare a Production Cost Report and answer the following questions: 13

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