Reference no: EM132976717

Questions -

Q1. Department A had 1,000 units in Work in Process that were 70% completed at the beginning of the period at a cost of Php7,000. 4,000 units of direct materials were added during the period at a cost of Php8,200. 4,500 units were completed during the period, and 500 units were 60% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was Php28,700 and factory overhead was Php4,510. The cost of the 500 units in process at the end of the period if the first-in, first-out method is used to cost inventories was:

a. Php1,025

b. Php5,000

c. Php5,075

d. Php3,455

Q2. Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of Php12,500. Of the Php12,500, Php8,000 was for material and Php4,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of Php28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process.

Direct labor was Php32,450 and factory overhead was Php18,710. If the average cost method is used the conversion cost per unit (to the nearest cent) would be:

a. Php3.71

b. Php2.84

c. Php2.97

d. Php3.23

Q3. Ending Work-in-Process for Hoya's Carpentry was Php64,000 for January. Direct labor and direct materials together for the month were Php39,000. Direct labor was twice as much as direct materials. The overhead rate is 70% of direct labor. No jobs were finished during the month. What was beginning Work-in-Process?

a. Php6,800

b. Php25,000

c. Php4,250

d. Php15,250

e. Php0