Bruns Co. had the following cost and production information from Department 1 for November 2021. (FIFO) Normal spoilage is 5% of good units for the period. Inspection and identification of spoilage take place at 60% conversion. Materials are added as follows: 60% of the materials are added upon reaching half of conversion. The remaining balance is added in the pattern as follows: 75% on 65% conversion, 15% on 80% conversion and the remainder at the end of the process. BWIP - 3,500 units with cost of P50,000 (P30,000 for direct materials) and 40% complete as to conversion cost. Current cost for materials is P107,500 while P175,500 for conversion costs. Started units - 14,000 units A total of 16,000 units were finished and transferred to Department 2. There are 1,000 units for EWIP, which are 70% complete as to conversion cost. How much is the total cost of units transferred out to Department 2 (round off to 2 decimal places)?
Bruns Co. had the following cost and production information from Department 1 for November 2021. (FIFO) Normal spoilage is 5% of good units for the period. Inspection and identification of spoilage take place at 60% conversion. Materials are added as follows: 60% of the materials are added upon reaching half of conversion. The remaining balance is added in the pattern as follows: 75% on 65% conversion, 15% on 80% conversion and the remainder at the end of the process. BWIP - 3,500 units with cost of P50,000 (P30,000 for direct materials) and 40% complete as to conversion cost. Current cost for materials is P107,500 while P175,500 for conversion costs. Started units - 14,000 units A total of 16,000 units were finished and transferred to Department 2. There are 1,000 units for EWIP, which are 70% complete as to conversion cost. How much is the total cost of units transferred out to Department 2 (round off to 2 decimal places)?
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