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How to make cost of production report

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Reference no: EM132560646

The TaeOh Mfg. Co. operates two consecutive producing departments, A & B. The following quantity data are on Department A's production in December:

In process, December 1 Placed in process

In process, December 31 Transferred out

Cost data:

Cost Last Month CTM: Materials

Labor Overhead

5,000 units, 1/5 done 50,000 units

3,000 units, 2/3 done 49,500 units

P 25,000

315,000

Instruction:

Question 1: Using the average cost method, compute for equivalent units of production and prepare cost of production report under each of the following assumptions:

a. Loss occurs at the start

b. Loss occurs at the end

Reference no: EM132560646

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