a. Total cost of units in process at the end in Department 1 b. Total...
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Accounting
a. Total cost of units in process at the end in Department 1
b. Total cost of units transferred out to store room in Department 2
c. Total cost of units transferred out in Department 1
d. Total cost of units in process at the end in Department 2
The XYZ Corporation has two departments in its operations, namely Department I and II. Inventories, cost, and production data for the month of June 2008 are as follows: Department II 5,000 2/5 Quantity In process, beginning Work to be done Started in process Transferred out In process end Stage of completion Cost In process, beginning Added this month Materials Labor Overhead Department 6,000 1/3 44,000 40,000 ? 3/5 37,000 ? 7/8 P5, 200 P10,685 19,800 14,200 2,600 34,799 27,470 18,450 Conversion cost are applied evenly in all departments. Materials are applied as follows: Department 1- all at the start of the process: Department 11-30% at the start of the process, 40% when process is one half completed, 30% at the end of the process
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