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Identify the unit cost for adjustment

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Question - AVERAGE METHOD - The production statistics of Department B of Hardworking Manufacturing Company for the month of June 2022 showed the following data:

UNITS:

Finalize and Transferred to Stockroom 16000

In Process, March 31 (0% complete as to Materials, 1/3 for Conversion Costs) 3000

Lost Units (Discovered at the End of the Process) 1000

The cost received from Department A during the month totaled P9,000 at a unit average cost of P.50. The work in process on March 1 were 60% complete with a carried costs from last month of P3,160.

The costs incurred in Department B for the month are as follows:

Materials 5000

Labor 2400

Overhead 1500

Resulting in units average costs of:

Materials 0.30

Labor 0.18

Overhead 0.11

A. Identify the units, in process Beg.

B. Identify the cost assignable to lost units.

C. Identify the unit cost for adjustment (Normal lost units)

D. Identify the finished & transferred cost after adjustments.

E. Identify the unit costs of Finished & transferred after adjustments.

Reference no: EM133184748

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