Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of 10%. The following data were obtained for the month of October, 2019 Units: |In process, October 1 (2/5 completed) Received from Department A 9,600 gallons 30,000 gallons 25,200 gallons 11,700 gallons Finished and transferred In process, October 31 (1/4 complete) Costs: In process beginning Received from Department A P5,760 30,000 Current costs Materials 19,440 Labor 7,290 Overhead 2,430
Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of 10%. The following data were obtained for the month of October, 2019 Units: |In process, October 1 (2/5 completed) Received from Department A 9,600 gallons 30,000 gallons 25,200 gallons 11,700 gallons Finished and transferred In process, October 31 (1/4 complete) Costs: In process beginning Received from Department A P5,760 30,000 Current costs Materials 19,440 Labor 7,290 Overhead 2,430
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a. Under Weighted Average Method, how much was the cost of Finished and Transferred out units?
b. Under Weighted Average Method, what was the cost of the Work in Process at the end?
![Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of
10%. The following data were obtained for the month of October, 2019
Units:
|In process, October 1 (2/5 completed)
Received from Department A
9,600 gallons
30,000 gallons
25,200 gallons
11,700 gallons
Finished and transferred
In process, October 31 (1/4 complete)
Costs:
In process beginning
Received from Department A
P5,760
30,000
Current costs
Materials
19,440
Labor
7,290
Overhead
2,430](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5ad8d161-d122-4583-b4ce-76c7762a493a%2F9285eab9-e730-41da-9695-f451c9b51ee4%2F13lrxkl.bmp&w=3840&q=75)
Transcribed Image Text:Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of
10%. The following data were obtained for the month of October, 2019
Units:
|In process, October 1 (2/5 completed)
Received from Department A
9,600 gallons
30,000 gallons
25,200 gallons
11,700 gallons
Finished and transferred
In process, October 31 (1/4 complete)
Costs:
In process beginning
Received from Department A
P5,760
30,000
Current costs
Materials
19,440
Labor
7,290
Overhead
2,430
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