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I The company is processing a product in 4 departments A, B, C, and D as the last department. The following pertains for the production last April 2022. Department D Department E Department F Department A 20,000 25% IP Beg. Units Department B 10,000 30% Department C 10,000 10,000 10,000 40% 10,000 45% IP Beg. % 35% 50% US/UR 60,000 70,000 70,000 70,000 70,000 70,000 CTO 70,000 70,000 70,000 70,000 70,000 ? IP End Units 8,000 10,000 10,000 75% 8,000 30% 8,000 65% 8,000 35% IP End % 30% 50% IP Beg. Cost PD Cost P50,000 P50,000 P50,000 P50,000 P80,000 P50,000 P80,000 DM P80,000 P80,000 P80,000 P120,000 Conversion Cost P120,000 P120,000 ? P120,000 ? P80,000 P120,000 ? P120,000 ? PD Cost ? Current Cost DM P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 2% of Good Units Conversion Cost P80,000 P120,000 2% of Good Units P80,000 P120,000 Normal Lost Units 2% of Good Units 2% of Good Units Increase in Units Method Average FIFO FIFO 100% at the End Material Application Average 50% Beginning; 50% End 100% at the Beginning 50% Beginning; 20% following inspection; 30% at the end 40% FIFO 30% Beginning; 50% following inspection; 20% at the end 40% 20% Average 100% at the beginning End Inspection 40% Beginning 40% 1) Compute for the following: Department A Department B Department C Department D Department E Department F Direct Material EUP Conversion Cost EUP Unit Cost (PD) Unit Cost (DM) Unit Cost (CC) Cost for CTO Cost for EUP FOHC 2) Prepare Cost of Production Report for Department A, D, and E Department G 10,000 55% ? ? 10,000 45% | P50,000 P80,000 P120,000 ? P80,000 P120,000 FIFO 50% following inspection; 50% at the End 40% Department G

I The company is processing a product in 4 departments A, B, C, and D as the last department. The following pertains for the production last April 2022. Department D Department E Department F Department A 20,000 25% IP Beg. Units Department B 10,000 30% Department C 10,000 10,000 10,000 40% 10,000 45% IP Beg. % 35% 50% US/UR 60,000 70,000 70,000 70,000 70,000 70,000 CTO 70,000 70,000 70,000 70,000 70,000 ? IP End Units 8,000 10,000 10,000 75% 8,000 30% 8,000 65% 8,000 35% IP End % 30% 50% IP Beg. Cost PD Cost P50,000 P50,000 P50,000 P50,000 P80,000 P50,000 P80,000 DM P80,000 P80,000 P80,000 P120,000 Conversion Cost P120,000 P120,000 ? P120,000 ? P80,000 P120,000 ? P120,000 ? PD Cost ? Current Cost DM P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 P80,000 P120,000 2% of Good Units Conversion Cost P80,000 P120,000 2% of Good Units P80,000 P120,000 Normal Lost Units 2% of Good Units 2% of Good Units Increase in Units Method Average FIFO FIFO 100% at the End Material Application Average 50% Beginning; 50% End 100% at the Beginning 50% Beginning; 20% following inspection; 30% at the end 40% FIFO 30% Beginning; 50% following inspection; 20% at the end 40% 20% Average 100% at the beginning End Inspection 40% Beginning 40% 1) Compute for the following: Department A Department B Department C Department D Department E Department F Direct Material EUP Conversion Cost EUP Unit Cost (PD) Unit Cost (DM) Unit Cost (CC) Cost for CTO Cost for EUP FOHC 2) Prepare Cost of Production Report for Department A, D, and E Department G 10,000 55% ? ? 10,000 45% | P50,000 P80,000 P120,000 ? P80,000 P120,000 FIFO 50% following inspection; 50% at the End 40% Department G

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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please answer no. 2  cost of production report for A,D,E

| The company is processing a product in 4 departments A, B, C, and D as the last department. The following pertains for the production last April 2022. Department E Department F Department A 20,000 Department B 10,000 30% IP Beg. Units Department C 10,000 35% Department D 10,000 10,000 10,000 IP Beg. % 25% 40% 45% 50% US/UR 60,000 70,000 70,000 70,000 70,000 70,000 CTO 70,000 70,000 70,000 70,000 70,000 ? IP End Units 8,000 10,000 10,000 75% 8,000 30% 8,000 65% 8,000 35% IP End % 30% 50% IP Beg. Cost PD Cost P50,000 P50,000 P50,000 P50,000 P50,000 DM P80,000 P80,000 P80,000 P80,000 P80,000 P80,000 P120,000 Conversion Cost P120,000 ? P120,000 ? P120,000 ? P120,000 ? P120,000 ? PD Cost Current Cost DM P80,000 P80,000 P120,000 Conversion Cost P80,000 P120,000 2% of Good Units P120,000 P80,000 P120,000 2% of Good Units P80,000 P120,000 P80,000 P120,000 2% of Good Units Normal Lost Units 2% of Good Units Increase in Units Method Average FIFO FIFO 100% at the End 20% Average 100% at the Material Application 100% at the Beginning Average 50% Beginning; 50% End Beginning 50% Beginning; 20% following inspection; 30% at the end 40% FIFO 30% Beginning; 50% following inspection; 20% at the end 40% beginning End Inspection 40% 40% 1) Compute for the following: Department A Department B Department C Department D Department E Department F Direct Material EUP Conversion Cost EUP Unit Cost (PD) Unit Cost (DM) Unit Cost (CC) Cost for CTO Cost for EUP FOHC 2) Prepare Cost of Production Report for Department A, D, and E Department G 10,000 55% ? ? 10,000 45% P50,000 P80,000 P120,000 ? P80,000 P120,000 FIFO 50% following inspection; 50% at the End 40% Department G
Transcribed Image Text:| The company is processing a product in 4 departments A, B, C, and D as the last department. The following pertains for the production last April 2022. Department E Department F Department A 20,000 Department B 10,000 30% IP Beg. Units Department C 10,000 35% Department D 10,000 10,000 10,000 IP Beg. % 25% 40% 45% 50% US/UR 60,000 70,000 70,000 70,000 70,000 70,000 CTO 70,000 70,000 70,000 70,000 70,000 ? IP End Units 8,000 10,000 10,000 75% 8,000 30% 8,000 65% 8,000 35% IP End % 30% 50% IP Beg. Cost PD Cost P50,000 P50,000 P50,000 P50,000 P50,000 DM P80,000 P80,000 P80,000 P80,000 P80,000 P80,000 P120,000 Conversion Cost P120,000 ? P120,000 ? P120,000 ? P120,000 ? P120,000 ? PD Cost Current Cost DM P80,000 P80,000 P120,000 Conversion Cost P80,000 P120,000 2% of Good Units P120,000 P80,000 P120,000 2% of Good Units P80,000 P120,000 P80,000 P120,000 2% of Good Units Normal Lost Units 2% of Good Units Increase in Units Method Average FIFO FIFO 100% at the End 20% Average 100% at the Material Application 100% at the Beginning Average 50% Beginning; 50% End Beginning 50% Beginning; 20% following inspection; 30% at the end 40% FIFO 30% Beginning; 50% following inspection; 20% at the end 40% beginning End Inspection 40% 40% 1) Compute for the following: Department A Department B Department C Department D Department E Department F Direct Material EUP Conversion Cost EUP Unit Cost (PD) Unit Cost (DM) Unit Cost (CC) Cost for CTO Cost for EUP FOHC 2) Prepare Cost of Production Report for Department A, D, and E Department G 10,000 55% ? ? 10,000 45% P50,000 P80,000 P120,000 ? P80,000 P120,000 FIFO 50% following inspection; 50% at the End 40% Department G
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