lease show your computations using good accounting form through excel. Thank you! Problem: Average with Lost Units What should be the accumulated cost of work in process as of October 31 if the normal loss occured during the process (with adjustment for lost units) based on the remaining good units?
lease show your computations using good accounting form through excel. Thank you! Problem: Average with Lost Units What should be the accumulated cost of work in process as of October 31 if the normal loss occured during the process (with adjustment for lost units) based on the remaining good units?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please show your computations using good accounting form through excel. Thank you!
Problem: Average with Lost Units
What should be the accumulated cost of work in process as of October 31 if the normal loss occured during the process (with adjustment for lost units) based on the remaining good units?
Transcribed Image Text:Problem 4
The Salty Mfg. Co. operates three producing departments, A, B and C. It uses the
weighted average costing method. The following data are on the production of
Department B for October, 2021:
Added in Department B
Transfer
Materials
Conversion
Units
In
(In pesos) Cost (PhP)
In process, Oct. 1
Received from Department A
Total
5,000
20,000
25,000
19,000
(in Pesos)
9,990
39,010
1,020
21,855
998
21,877
Transferred out
Normal Loss
1,000
Abnormal loss
500
In process, Oct. 31
Factory costs are applied evenly throughout the process. Beginning work in
process was 20% done while ending work in process is % done. Abnormal loss
occurred at the end of the process. What should be the accumulated cost of work
in process as of October 31 if the normal loss occurred during the process (with
adjustment for lost units based on the remaining good units?
4,500
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