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Question - Costs Analysis - Single Department (No beginning inventory) - The following data appeared in the accounting records of Department I of Ultima Company:
Started in process 12,000 units
Completed and transferred 10,500 units
Work in process, end (2/5 complete) 1,500 units
Costs:
Materials P 72,000
Labor 88,800
Overhead 44,400
One half of the materials are added at the beginning of the process and the balance when the units are one-half completed.
Required -
1. Determine the EUP for materials and conversion costs.
2. Determine the Cost of the units completed and transferred.
3. Determine the Cost of the units in process at the end of the month.
Worksheet of Sheetal Company Limited - Completion of Worksheet
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