Good day! Can you please answer the following five problems: 1. In EASY company on November 1, 10,000 units of product that were 30% complete were in process. During the month, 104,000 units were placed into production and 106,000 units were transferred out to the next department. The ending work in process inventory is 70% complete. a. Compute for the equivalent units of production using FIFO. b. Compute for the equivalent units of production using Average.
Good day! Can you please answer the following five problems:
1. In EASY company on November 1, 10,000 units of product that were 30% complete were in process. During the month, 104,000 units were placed into production and 106,000 units were transferred out to the next department. The ending work in process inventory is 70% complete.
a. Compute for the equivalent units of production using FIFO.
b. Compute for the equivalent units of production using Average.
2. The first processing department of BAKAL CO., the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was P64,800. An additional 84,000 units were started into production during the month and 78,000 units were completed and transferred to the next processing department. At the end of the month there were 24,000 units in the ending work in process inventory that were 30% complete with respect to conversion costs. A total of P431,520 in conversion costs were incurred in the department during the month.
a. What would be the cost per equivalent unit for conversion costs for the month if the department uses Average?
b. What would be the cost per equivalent unit for conversion costs for the month if the department uses FIFO?
3. The applied
![1. How much is the cost per equivalent unit for the month using FIFO? 2. How much is the cost
per equivalent unit for the month using Average costing?
Dmahirap company adds all materials at the beginning of the process in the first department. Conversion
costs were 75% complete as to 8,000 units in WIP.beg and 50% complete as to 6,000 units in WIP,end.
During the month, 12,000 units were completed and transferred to the next department. Analysis of the
costs relating to production for October follows:
Materials
Conversion
Cost
WIP,beg
Costs added this month 15,600
P4,800
14,400
P9,600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ca76d08-f5f5-4195-ac2d-1e23ded113e9%2Fb5baf9fe-0023-4621-a3fc-d7504ad3b36e%2Flw1bz_processed.png&w=3840&q=75)
![Etona company has two service departments and three producing departments. The following data was
made available:
Service Departments
Maintenance Engineering
Producing Departments
A
B
Maintenance Hrs
400
800
200
200
Engineering Hrs
Overhead Costs
400
800
400
400
P12,000
P54,000
P80,000
P90,000
P50,000
INDEPENDENT QUESTIONS:
1. Assume that department C applies factory overhead based on units produced with
an estimate of 5,000 units for the period. The actual units produced for the current period
was 4800. If the company uses the step method in allocating service department costs,
how much is the applied factory overhead of department C.
2. Compute for the overhead rate for department A if the company uses the direct
method in allocating service department costs and the department applies overhead
based on 18,000 direct labor hours.
3. Under the reciprocal method, what would be the total Engineering department cost?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ca76d08-f5f5-4195-ac2d-1e23ded113e9%2Fb5baf9fe-0023-4621-a3fc-d7504ad3b36e%2Fnyzzvns_processed.png&w=3840&q=75)
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