Costs incurred: Materials Direct Labor Dverhead Total Vaterials are added at: Process 1 Process 2 Process 3 33,750 30 200 24,160 88,110 50% at beginning, 50% 40% at beginning, 30% at at 60% complete 30,000 22,725 18,180 70,905 27,729 24,648 19,718 72,095 100% at the beginning 50% complete, and remaining 30% at 80% complete. Started/Transferred In 15,200 units 1,000 units 50% complete. 500 units 70% complete. 250 units 40% complete, 250 15,000 units 5,700 units Cost: Materials P2,250; Labor Cost tom preceding P1,000, OH P800. units 70% complete. Cost tom preceding pepartment P5,275, Materials P 495; Labor P440, OH P 352. 15,400 Units In process, beginning department P2,925, Materials P1,000; Labor P 525, OH P 420. 15,300 Units Completed 15,200 units In Process, end 800 units 50% complete 400 units 50% complete 400 units at 70% complete
Costs incurred: Materials Direct Labor Dverhead Total Vaterials are added at: Process 1 Process 2 Process 3 33,750 30 200 24,160 88,110 50% at beginning, 50% 40% at beginning, 30% at at 60% complete 30,000 22,725 18,180 70,905 27,729 24,648 19,718 72,095 100% at the beginning 50% complete, and remaining 30% at 80% complete. Started/Transferred In 15,200 units 1,000 units 50% complete. 500 units 70% complete. 250 units 40% complete, 250 15,000 units 5,700 units Cost: Materials P2,250; Labor Cost tom preceding P1,000, OH P800. units 70% complete. Cost tom preceding pepartment P5,275, Materials P 495; Labor P440, OH P 352. 15,400 Units In process, beginning department P2,925, Materials P1,000; Labor P 525, OH P 420. 15,300 Units Completed 15,200 units In Process, end 800 units 50% complete 400 units 50% complete 400 units at 70% complete
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%
In using FIFO method, Cruz Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For December 2021, Cruz Company presented the following costs on three processes:
What is the equivalent units of production (EUP) on Materials in Department 1?
15,000
15,100
16,000
14,200
What is the equivalent units of production (EUP) on Materials in Department 2?
15,100
15,000
15,150
14,800
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