Reference no: EM133055264

Question - Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month:

Department X Department Y

Quantity units:

In process, February 1 16,000 10,000

Stage of completion 4/5 40%

Started in process 64,000

Received from prior dept. 70,000

In process, February 28 ? 12,000

Stage of completion 2/5 2/3

Costs data:

In process, February 1 P 21,020 P20,300

Current costs

Materials 28,350 46,800

Labor 15,300 25,200

Manufacturing Overhead 9,180 14,400

In Department X, material application is described to you as follows: 10% is applied at the start of the process; 25% when the process reaches the mid-point; and the remainder, when the process reaches 85% completion. Labor and Overhead are applied evenly throughout the process.

In Department Y, the application of material is described as follows: 20% when the process is '1/4 completed; 30% when the process is '1/2 completed and the balance, at the end of the process. Both departments use the FIFO method.

Required -

What the equivalent units of production for materials in Department X?

What the equivalent units of production for conversion in Department X?

What the equivalent units of production for materials in Department Y?

What the equivalent units of production for conversion cost in Department Y?

What the unit cost for materials in Department X?

What the unit cost for materials in Department Y?

What the unit cost for conversion cost in Department Y?

What the total unit cost for materials in Department X?

What the total unit cost in Department Y?

What the total cost of completed and transferred out units in Department Y?