Question 2. Textile Ltd. produces a single product which undergoes three processes. The following details relate to one period: Raw Materials (60,000 Units) Materials Introduced Direct Wages Overheads Allocated to Processes Other Overheads Total $27,000 Output in Units Process $ 80,000 23,500 18,750 15,600 12,000 3,800 4,600 II $ A normal loss of 5% of the input to each process is anticipated. Units lost have the following scrap values: After Process I After Process II After Process III There was no opening or closing W-I-P. Prepare the process accounts for the period. Nil $1 $1.80 22,100 13,400 3,200 10,273 7,902 8,825 Units Units Units 55,200 53,800 49,600 III $ sorke)

Problem 11. During February, the Assembly Department received 60,000 units from the Cutting Department at a unit cost of P3.54. Costs added in the Assembly Department were: materials, P84,370; conversion costs, P129,710. Of the 60,000 units received. 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 1/2 converted). The entire loss is considered abnormal and is to be charged to factory overhead. Inspection is done at the beginning of the process. Required: 1. Equivalent production for materials and conversion costs. • 2. Total costs charged to factory overhead for the lost units. • 3. Costs of the units completed and transferred • 4. Costs of the units in process, end

R makes one product, which passes through a single process. Details of the process account for period 1 were as follows: Material cost - 20,000 kg P26,000 Labour cost P12,000 Production overhead cost P5,700 Output 18,800 kg Normal losses 5% of input There was no work-in-progress at the beginning or end of the period. Process losses have no value. The cost of the abnormal loss (to the nearest P) is

Determine the missing amount for each letter. Total ifacturing Costs 431600 (a) 567,000 333,900 363,800 Tauthook and Media Work in Process Jan. 1 $40,200 541800 (d) 75,600 EA $ Work in Process Dec. 31 (b) 50,400 100,800 Cost of Goods Manufactured $453,600 592,200 176400 (f) 56,700 283500 (h) 340,200