Masipag Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers.. For November 2021, Masipag Company presented the following costs on three processes:A. What is the total units to account for (TUTAF) in Department 1? 23,50022,50025,00021,750 B. What is the equivalent units of production (EUP) on Materials in Department 1? 23,50020,00025,00022,500 Costs incurred:DEPARTMENT 1DEPARTMENT 2DEPARTMENT 338,77534,950MaterialsDirect LaborOverheadMaterials are added at:34,800.0032,550.0026,040.0040% at beginning,30% at 50%complete, andremaining 30% at54,00093,040|13,72027,960100% at thebeginning50% at beginning,50% at 60%completeStarted/Transferred InCompleted and transferred 23,500 unitsIn Process, end25,000 units?22,500 units1,000 units 80%converted?20,500 units1,000 units 30%converted, 1,000 units70% converted1,500 units 60%converted

Equivalent number of units means units completed in the particular period or manufactured in the…

Answered: Masipag Company produces a product that…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Concept explainers

Question

Masipag Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers.. For November 2021, Masipag Company presented the following costs on three processes:

A. What is the total units to account for (TUTAF) in Department 1?

23,500

22,500

25,000

21,750

B. What is the equivalent units of production (EUP) on Materials in Department 1?

23,500

20,000

25,000

22,500

Costs incurred:
DEPARTMENT 1
DEPARTMENT 2
DEPARTMENT 3
38,775
34,950
Materials
Direct Labor
Overhead
Materials are added at:
34,800.00
32,550.00
26,040.00
40% at beginning,
30% at 50%
complete, and
remaining 30% at
54,000
93,040|
13,720
27,960
100% at the
beginning
50% at beginning,
50% at 60%
complete
Started/Transferred In
Completed and transferred 23,500 units
In Process, end
25,000 units
?
22,500 units
1,000 units 80%
converted
?
20,500 units
1,000 units 30%
converted, 1,000 units
70% converted
1,500 units 60%
converted

Expert Solution

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

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.

Similar questions