Reference no: EM132548246
A company produces plastic kitchenware and uses costing system. Products go through three departments- Mixing, Molding, and Packaging. During the month of August, the following information made available for the Mixing Department.
Units started 160,000
Units completed and transferred 130,000
Units in Process, end (25% complete) 20,000
Materials are all added at the beginning of the process. Conversion costs are incurred uniformly throughout the mixing department. As to company's policy as to normal spoilage, it is 2% of the output, inspection and identification takes place at the end of the process. The cost of materials is P200,000 and P265,350 as to conversion.
Question 1: What is the cost of the In process end?
Question 2: What is the cost of the cost of the completed and transferred