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Compute for the adjustment for lost units

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Reference no: EM133054298

Question - The following data was taken from the records of the Dallylaang Manufacturing Company for the month of June: WIP, beginning - 7,500 units, 1⁄4 complete, P10,400; WIP, end - 4,500 units, 2/5 complete; Placed in process - 75,000 units; Transferred out - 74,000 units. During the month, the company has used P198,708.75 worth of materials in production and spent P233,775 for conversion costs.

Required - Using the FIFO method, compute for the adjustment for lost units if the normal loss occurred at the end of processing.

Reference no: EM133054298

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