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1) In Baguio Corp, sixty percent of materials are added when the goods are 14 done
and the remainder, when they are 34 done. The equivalent production of
materials is 20,000 and for conversion cost, 20,500. There are 2,000 units in the
ending WIP, 14 done. WIP beginning was 4/5 done. Normal loss at the beginning is
500 units. Unit cost from preceding department was P10.40. In this department,
materials unit cost was P3 and conversion unit cost was P2. How much is the
adjustment for lost unit for each remaining good unit?
2) For Bokod Corp, materials are added at the start of the process in Department B.
Units received from Department A costs P11.10 while in Department B, unit costs
for materials and conversion costs were P1 and P1.22 respectively. The company's
quantity data showed that WIP beg, which had a cost of P80,000, had 8,000
units and were 34 done. During the period, Department A transferred 50,000
units to Department B. At the end of the period, WIP has 10,000 units which are
1/5 done and there were 3,000 normal lost units. Compute for the equivalent
units using average.
3) For Itogon Corp, materials are added at the start of the process in Department B.
Units received from Department A costs P11.10 while in Department B, unit costs
for materials and conversion costs were P1 and P1.22 respectively. The company's
quantity data showed that WIP beg, which had a cost of P80,000, had 8,000
units and were 34 done. During the period, Department A transferred 50,000
units to Department B. At the end of the period, WIP has 10,000 units which are
1/5 done and there were 3,000 normal lost units. Compute for the equivalent
units using FIFO.
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