Compute for the unit cost transferred to finished goods

Reference no: EM132761417

For Trish Corporation, materials are added at the start of the process in Department B. Units received from Department A costs P11.10 while in Department B, unit costs for materials and conversion costs were P1 and P1.22 respectively. The company's quantity data showed that WIP beg, which had a cost of P80,000, had 8,000 units and were ¾ done. During the period, Department A transferred 50,000 units to Department B. At the end of the period, WIP has 10,000 units which are 1/5 done and there were 3,000 normal lost units.

Problem 1: Compute for the total cost of units transferred to finished goods assuming that the lost units were spoiled at the start of processing

Problem 2: Compute for the unit cost transferred to finished goods if the 3,000 units were lost at the end of processing but were considered abnormal.

Problem 3: Compute for the cost of work in process end assuming that the 3,000 units were lost at the end of processing.

Reference no: EM132761417

Questions Cloud

Calculate the weighted-average cost of capital : Gamma Corporation has an optimal debt to equity ratio of 65 percent. Its cost of equity capital is 13 percent and its before-tax borrowing rate is 6 percent.

Find what amount of direct materials to be back-flushed : What amount of direct materials to be back-flushed to Finished Goods is? Raw materials are back-flushed from RIP account to finished goods.

What are standard deviations of the returns on the shares : You believe that there is a 50 per cent chance that the share price of Company L will decrease by 12 per cent and a 50 per cent chance that it will increase.

Concept of 3-F Method is introduced : The concept of 3-F Method is introduced. Discuss the purpose of this concept and how it is calculated.

Compute for the unit cost transferred to finished goods : Compute for the unit cost transferred to finished goods if the 3,000 units were lost at the end of processing but were considered abnormal.

What are quarterly annuity payments during his retirement : At the age of 44, Parker just finished all the arrangements on his parents' estate. He is going to invest his $80,000 inheritance at 5.5% compounded quarterly.

Compute for equivalent units using average for for shiera co : Compute for the equivalent units using average. For Shiera Corporation, materials are added at the start of the process in Department B.

What is the price of a call with the same strike : An at-the-money put option with on a stock with six months to maturity is currently selling for $5. What is the price of a call with the same strike and time.

Organizational communication skills : Many people believe that organizational communication skills should come naturally and are not difficult to obtain.

User Account

All Pages