The following data pertain to the production of the second department of Sumi Manufacturing Corp. for the month of March: WIP, beg 5,000 units ; ½ done Received from department A 20,000 units @ P1 WIP, end 6,000 units; 2/3 done Lost units 2,000 units Cost data: WIP, beg P14,100 Cost this Dep’t Materials 39,900 Direct labor 23,940 Factory Overhead 15,960 Factory costs are evenly applied and all lost units were considered normal. Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases: [a] Loss occurred at the start of process; [b] Loss occurred during process; [c] Loss occurred at the end of process.
NORMAL LOSS – FIFO SUCCEEDING DEP’T
The following data pertain to the production of the second department of Sumi Manufacturing Corp. for the month of March:
WIP, beg 5,000 units ; ½ done
Received from department A 20,000 units @ P1
WIP, end 6,000 units; 2/3 done
Lost units 2,000 units
Cost data:
WIP, beg P14,100
Cost this Dep’t
Materials 39,900
Direct labor 23,940
Factory
Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases:
[a] Loss occurred at the start of process;
[b] Loss occurred during process;
[c] Loss occurred at the end of process.
![NORMAL LOSS – FIFO SUCCEEDING DEP'T
The following data pertain to the production of the second
department of Sumi Manufacturing Corp. for the month of March:
WIP, beg
Received from department A
WIP, end
Lost units
5,000 units
20,000 units
6,000 units;
2,000 units
:½ done
@ P1
2/3 done
Cost data:
P14,100||
WIP, beg
Cost this Dep't
Materials
39,900
23,940
15,960
Direct labor
Factory Overhead
Factory costs are evenly applied and all lost units were considered
normal.
Required: Prepare the cost of production report of Department B for the
month of March assuming the following independent cases:
[a] Loss occurred at the start of process;
[b] Loss occurred during process;
[c] Loss occurred at the end of process.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9aa5c712-97c1-4d20-a4a4-1561d8d49ae0%2Fd68d89df-74b5-40c6-b703-20e5dccc3c48%2Fxckxvsa_processed.png&w=3840&q=75)
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