For Items 7- 10. The quantity schedule based on the production of Dept B of Sumigla Mfg Co. for May 2018 is as shown below: Actual In Process, May 1 10,000 | 3/5 done Received from Dept A 50,000 Units to be ACcounted For 60,000 Materials Conversion Costs EUP EUP In Process, May 1, Finished & Transferred Received, Finished and Transferred In Process, May 31 30,000 100% 100% 3/10 Units Accounted For The cost data are as follows: In Process, May 1 Received from preceding dept (Transferred in Cost) P88,000 P250,000 Page | 11 SAINT COLUMBAN COLLEGE Pagadian City Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799/ 2151800: Fax No: 2141290 Website: www.sccpag.edu.ph : E-mail:sccpac1957@yahoo.com Factory costs: Materials P252,000 P120,000 P80,000 Labor FOH Conversion costs were evenly applied throughout the process. Materials are added as follows: 50% at the start, 30% at the middle and the remainder at the end.
For Items 7- 10. The quantity schedule based on the production of Dept B of Sumigla Mfg Co. for May 2018 is as shown below: Actual In Process, May 1 10,000 | 3/5 done Received from Dept A 50,000 Units to be ACcounted For 60,000 Materials Conversion Costs EUP EUP In Process, May 1, Finished & Transferred Received, Finished and Transferred In Process, May 31 30,000 100% 100% 3/10 Units Accounted For The cost data are as follows: In Process, May 1 Received from preceding dept (Transferred in Cost) P88,000 P250,000 Page | 11 SAINT COLUMBAN COLLEGE Pagadian City Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799/ 2151800: Fax No: 2141290 Website: www.sccpag.edu.ph : E-mail:sccpac1957@yahoo.com Factory costs: Materials P252,000 P120,000 P80,000 Labor FOH Conversion costs were evenly applied throughout the process. Materials are added as follows: 50% at the start, 30% at the middle and the remainder at the end.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
10. What is the unit cost of the transferred-out units?
a. P5.00
b. P11.00
c. P15.00
d. P16.00
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education