Summer Company makes a single product in two departments. The production data for Department B for 2019 follows: Units In process, August 1 (40% completed) Received from Department 1 Completed and transferred In process, August 31 (60% completed) 4,000 units 30,000 units 25,000 units 6,000 units Costs Received from Dept. 1 Materials Conversion costs In process, May 1 P 14,400 3,800 1,940 Added during May P 97,200 67,500 81,000 Materials are added at the start of the process and losses normally occur during the early stages of the operation. 32. Cost of goods manufactured using FIFO method а. Р 195,250 b. Р 193,040 с. Р211,040 d.) P 218,440 33. Cost of the ending work in process inventory using average costing а. Р44,640 b. P 45,840 с. Р46,362 d. P 46,800

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Summer Company makes a single product in two departments. The production data for
Department B for 2019 follows:
Units
In process, August 1 (40% completed)
Received from Department 1
Completed and transferred
In process, August 31 (60% completed)
4,000 units
30,000 únits
25,000 units
6,000 units
Costs
Received from Dept. 1.
Materials
process, May 1
Р 14,400
3,800
1,940
Added during May
Р 97,200
67,500
81,000
In
Conversion costs
Materials are added at the start of the process and losses normally occur during the
early stages of the operation.
32. Cost of goods manufactured using FIFO method
а. Р 195,250
b. Р 193,040
с. Р211,040
d.) P 218,440
33. Cost of the ending work in process inventory using average costing
а. Р 44,640
(b. P 45,840
с. Р 46,362
d. Р 46,800
Transcribed Image Text:Summer Company makes a single product in two departments. The production data for Department B for 2019 follows: Units In process, August 1 (40% completed) Received from Department 1 Completed and transferred In process, August 31 (60% completed) 4,000 units 30,000 únits 25,000 units 6,000 units Costs Received from Dept. 1. Materials process, May 1 Р 14,400 3,800 1,940 Added during May Р 97,200 67,500 81,000 In Conversion costs Materials are added at the start of the process and losses normally occur during the early stages of the operation. 32. Cost of goods manufactured using FIFO method а. Р 195,250 b. Р 193,040 с. Р211,040 d.) P 218,440 33. Cost of the ending work in process inventory using average costing а. Р 44,640 (b. P 45,840 с. Р 46,362 d. Р 46,800
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