PRÓBLEM 23: Cost of Production Report The following information is available for DVC Corporation for the current month: Started this month Beginning WIP (3/5 incomplete) Total spoilage Abnormal spoilage Ending WIP (30% to be done) Transferred out 120,000 11,250 3,000 1,350 Units Units. Units Units ? Units 108,750 Units Beginning Work in Process Costs: Material P 15,600
PRÓBLEM 23: Cost of Production Report The following information is available for DVC Corporation for the current month: Started this month Beginning WIP (3/5 incomplete) Total spoilage Abnormal spoilage Ending WIP (30% to be done) Transferred out 120,000 11,250 3,000 1,350 Units Units. Units Units ? Units 108,750 Units Beginning Work in Process Costs: Material P 15,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
PLEASE SHOW SOLUTIONS IN GOOD ACCOUNTING FORM.
a. 645,690
b. 88,627.50
c. 7,897.50
I ONLY NEED THE SOLUTIONS. THANK YOU
Transcribed Image Text:PROBLEM 23: Cost of Production Report
The following information is available for DVC Corporation for the current
month:
Started this month
Beginning WIP (3/5 incomplete)
Total spoilage
Abnormal spoilage
Ending WIP (30% to be done)
Transferred out
120,000
11,250
3,000
1,350
Units
Units .
Units
Units
?
Units
108,750
Units
Beginning Work in Process Costs:
Material
P 15,600
20,700
Conversion
Current Costs:
P 180,000
525,915
Material
Conversion
All materials are added at the start of production and the inspection point is at
the end of the process. Using the more accurate method representing the
physical flow of units.
Required:
a. Total costs of units transferred-out
b. The amount of work in-process, end
c. Cost of abnormal loss units
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