Please show your solution in excel form. Thank you A company manufactures a product that passes through twodepartments. Data for the current month for the firstdepartment follow: Units - Work in process beg, 5,000 units;units transferred out, 42,000 units; Work in process, end,8,000. Costs: Work in process, beg - P4,320 of materials;P1,040 of labor; P1,790 of overhead. During the month, thedepartment incurred P52,80O for materials; P21,500 for laborand P32,250 for overhead. The beginning work in processinventory was 80% complete with respect to materials and60% complete with respect to labor and overhead. Theending work in process inventory was 75% complete withrespect to materials and 50% complete with respect to laborand overhead. Using average costing, compute for the costper equivalent unit.Your answer

Under weighted average method of process costing, equivalent units consists of units completed and…

A company manufactures a product that passes through two departments. Data for the current month for the first department follow: Units – Work in process beg, 5,000 units; units transferred out, 42,000 units; Work in process, end, 8,000. Costs: Work in process, beg - P4,320 of materials; P1,040 of labor; P1,790 of overhead. During the month, the department incurred P52,800 for materials; P21,500 for labor and P32,250 for overhead. The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead. Using average costing, compute for the cost per equivalent unit.

A company manufactures a product that passes through two departments. Data for the current month for the first department follow: Units – Work in process beg, 5,000 units; units transferred out, 42,000 units; Work in process, end, 8,000. Costs: Work in process, beg - P4,320 of materials; P1,040 of labor; P1,790 of overhead. During the month, the department incurred P52,800 for materials; P21,500 for labor and P32,250 for overhead. The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead. Using average costing, compute for the cost per equivalent unit.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 9P: Clearwater Candy Co. had a cost per equivalent pound for the month of 4.56 for materials, 1.75 for...

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