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Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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![Consider the following data. Department B of Ethel Manufacturing Corp, suffers an average of
evaporation loss of 10%. The following data were obtained for the month of October, 2019:
Units:
In process, October 1 (2/5 completed)
9,600 gallons
Received from Department A
30,000 gallons
Finished and transferred
25,200 gallons
In process, October 31 (1/4 complete)
11,700 gallons
Costs:
In process beginning
P5,760
Received from Department A
30,000
Current costs
Materials
19,440
Labor
7,290
1.) Under Weighted Average Method, the EUP for the Work in Process at the End was how
many units
2.) Under Weighted Average Method, what was the total unit cost?
3.) Unler Weighted Average Method, how much was the cost of the Finished and
Transferred out units?
4.) Under Weighted Average Method, what was the cost of the Work in Process at the end?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61432f28-ca1e-4aaa-a834-cca924c5eba4%2Fa7b42cf1-73f2-453c-bf91-b15497236054%2F94i5ns_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the following data. Department B of Ethel Manufacturing Corp, suffers an average of
evaporation loss of 10%. The following data were obtained for the month of October, 2019:
Units:
In process, October 1 (2/5 completed)
9,600 gallons
Received from Department A
30,000 gallons
Finished and transferred
25,200 gallons
In process, October 31 (1/4 complete)
11,700 gallons
Costs:
In process beginning
P5,760
Received from Department A
30,000
Current costs
Materials
19,440
Labor
7,290
1.) Under Weighted Average Method, the EUP for the Work in Process at the End was how
many units
2.) Under Weighted Average Method, what was the total unit cost?
3.) Unler Weighted Average Method, how much was the cost of the Finished and
Transferred out units?
4.) Under Weighted Average Method, what was the cost of the Work in Process at the end?
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