P8-2 Cingular Corporation has three processing departments, Alpha and Omega. Labor andoverhead are applied uniformly while materials are added at various stages throughoutthe process. The following information was available for Omega:QuantityTransferred from AlphaStarted during the monthFinished and transferred to next departmentEnding work in process (60% complete)1,800?3,0001,200Cost incurredMaterialsP22,00013,200LaborOverhead8,800P44,000There are no beginning work in process inventory.Required: Calculate the equivalent production for each of the following independentcases:C.80% of materials are added at the start of the process and the remaining 20% areadded when units are 50% completed.50% of materials are added at the start of the process, 30% are added when unitsare 60% complete and the remaining 20% are added at the end of the process.

Solution c: Cingular Corporation Omega Department Computation of Equivalent unit of…

There are no beginning work in process inventory. Required: Calculate the equivalent production for each of the following independent cases: 80% of materials are added at the start of the process and the remaining 20% are added when units are 50% complete c. d. 50% of materials are added at the start of the process, 30% are added when units are 60% complete and the remaining 20% are added at the end of the process.

There are no beginning work in process inventory. Required: Calculate the equivalent production for each of the following independent cases: 80% of materials are added at the start of the process and the remaining 20% are added when units are 50% complete c. d. 50% of materials are added at the start of the process, 30% are added when units are 60% complete and the remaining 20% are added at the end of the process.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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