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What is the unit cost of the goods transferred

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Problem - A job order for 500 units of children's party giveaways were processed with costs of P80,000 and P30,000 for direct materials and direct labor, respectively. Factory overhead was applied at 50% of direct labor cost which excludes a 5% provision for spoilage. Prior to transfer to the stateroom, 25 units were found to be spoiled with an estimated market value of P50 per unit.

Required - What is the unit cost of the goods transferred to the stateroom if the loss is charged to total production?

Reference no: EM132686390

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