What is the total costs of work in process at December 31, 2021 in Department C? P40,932.58 P46,035.41 P42,352.58 P22,097.00

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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What is the total costs of work in process at December 31, 2021 in Department C? P40,932.58 P46,035.41 P42,352.58 P22,097.00
RC Company produces a product that undergoes three processes and the
completed items at end of process 3 are the items to be sold to customers...
For December 2021, RC Company presented the following costs on three
processes:
Costs incurred:
Process A
Process B
Process C
100,000.00
92,400.00
73,920.00
40% at beginning,
Materials
149,400
98,800
79,040
80% at the
122,250
96,800
77,440
50% at beginning,
Direct Labor
Overhead
Materials are
added at:
beginning,
remaining 20% at
50% complete.
50% at 80%
30% at 50%
complete
complete, and
remaining 30% at
80% complete.
Started/Transferred 50,000 units
In
Completed and
transferred out
49,000 units
47,500 units
45,000 units
In Process, end
1,000 units 40%
1,000 units 70%
1,500 units 60%
complete
complete, 500 units
at 40% complete.
complete; 1,000
units 30% complete
Transcribed Image Text:RC Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers... For December 2021, RC Company presented the following costs on three processes: Costs incurred: Process A Process B Process C 100,000.00 92,400.00 73,920.00 40% at beginning, Materials 149,400 98,800 79,040 80% at the 122,250 96,800 77,440 50% at beginning, Direct Labor Overhead Materials are added at: beginning, remaining 20% at 50% complete. 50% at 80% 30% at 50% complete complete, and remaining 30% at 80% complete. Started/Transferred 50,000 units In Completed and transferred out 49,000 units 47,500 units 45,000 units In Process, end 1,000 units 40% 1,000 units 70% 1,500 units 60% complete complete, 500 units at 40% complete. complete; 1,000 units 30% complete
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