ABC Industries has two departments. In Department 1, all materials are added at the start...
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ABC Industries has two departments. In Department 1, all materials are added at the start of production. Department 2 adds material at the 75 percent completion point; this material does not cause an increase in the number of units being processed. The conversion cost are incurred evenly all throughout the process.
The following production cost data are applicable for operations for the period of the current year:
CoursHeroTranscribedText: UNIT DATA Department 1 Department 2 Beginning units during the period 2.000 3.500 Started units during the period 48,000 Ending units during the period 3,000 5.000 PERCENTAGE OF WORK DONE DURING THE PERIOD Department 1 Department 2 Beginning Inventory 45% 50% Ending Inventory 60% 50% COST DATA Department 1 |Department 2 Beginning WIP Inventory Direct Materials P 20,000 P 54,250 Direct Labor 9.900 32,350 Overhead 6.600 53,000 Transferred-in cost 63.250 Total Beg. WIP Inventory 36.500 202,850 Started manufacturing cost during the period Direct Materials P 240.000 P 261,000 Direct Labor 141.300 153.650 Overhead 94.200 109,750 Transferred-in cost 7 Total started manufacturing cost 475.500 Total cost to account for 512,000 7
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