Reference no: EM132755524

Question - The information for the current month for a manufacturer of ready-to-wear clothes is as follows:

Beginning work in process 30,000 units

Units started 60,000 units

Units completed 75,000 units

Ending work in process 12,000 units

Spoilage ?

Beginning work-in-process direct materials P18,000

Beginning work-in-process conversion P 7,200

Direct materials added during month P90,000

Conversion costs during month P45,000

Beginning work in process was half complete to conversion. Direct materials are added at the beginning of the process. Ending work in process was 75% complete. All spoilage is abnormal and is detected at end of the process.

The company uses the weighted-average method of process costing. To avoid differences in answers, round off all unit costs to two decimal places.

REQUIRED -

1. Prepare the Cost of Production Report.

2. Determine the following:

a. Units to be Accounted

b. Units Accounted For

c. EUP for Materials

d. EUP for Conversion costs

e. Total Costs to be Accounted

f. Cost per equivalent unit for Materials

g. Cost per equivalent unit for Conversion

h. Cost of Units Transferred out

i. Cost of Ending Work in Process

j. Cost of Abnormal Spoilage