Reference no: EM132567912

Question 1: The following information pertains to Ah-In Co.'s Division D for the month of May:

                                                      Number of Units                    Cost of Materials

Beginning Work in process ............          30,000                                    P11,000

Started in May ............                          80,000                                      36,000

Units completed ............                            85,000

Ending Work in process ............                       25,000

All materials are added at the beginning of the process.

Required: Compute the cost per equivalent unit for materials using the FIFO Method and Average Method.

Question 2: Jihan Company adds materials at the beginning of the process in the Forming Department, which is the first of two stages of its production cycle. Information concerning the materials used in the Forming Department in April is as follows:

                                                                            Number of Units                    Cost of Materials

WIP, April 1 ............                                                        12,000                              P6,000

Units started ............                                                        100,000                       51,120

Units completed and transferred to next department ............ 88,000

Required: Using the Weighted Average Method, compute the materials cost of WIP at April 30.