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
Transcribed Image Text: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
30,000
100%
100%
In Process, May 31
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
CARITAS
Pagadian City
Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City
Tel Nos: 2151799 / 2151800: Fax No: 2141290
COLUMBAN
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.
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