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The OXO Inc. Manufactures its product in two successive departments, namely A and B. During the month of December, department A transferred to department B 20,000 units costing P24,600. Records of Department B showed for December: Units in process, December 1 Received from department A Units transferred to the storeroom Units remaining in department Cost of the work in process, December 1 Cost added during the month: Materials Labor Manufacturing overhead Investigation showed: 1. 2. 3. 5,000 20,000 19,000 6,000 P8,462.00 P8,618.40 7,760.00 7,546.60 That the work in process beginning is two-fifths completed in November. That Labor and Overhead in Department B were applied evenly the process while materials were added as follows: One-fifth at the start of the process; three-tenths when the process is one-third completed; two-fifths when the process is three-fifths completed; and the balance when the process is three-fourths completed. That one-third of the remaining units are one-fourth completed; one half is one-half completed; and the balance is two-fifths completed. Required: With supporting schedule of cost of production report compute the following: 1. EUP materials 2. Manufacturing cost per unit 3. Total cost of the units completed 4. Unit cost transferred 5. Total cost of Work-in-process end

The OXO Inc. Manufactures its product in two successive departments, namely A and B. During the month of December, department A transferred to department B 20,000 units costing P24,600. Records of Department B showed for December: Units in process, December 1 Received from department A Units transferred to the storeroom Units remaining in department Cost of the work in process, December 1 Cost added during the month: Materials Labor Manufacturing overhead Investigation showed: 1. 2. 3. 5,000 20,000 19,000 6,000 P8,462.00 P8,618.40 7,760.00 7,546.60 That the work in process beginning is two-fifths completed in November. That Labor and Overhead in Department B were applied evenly the process while materials were added as follows: One-fifth at the start of the process; three-tenths when the process is one-third completed; two-fifths when the process is three-fifths completed; and the balance when the process is three-fourths completed. That one-third of the remaining units are one-fourth completed; one half is one-half completed; and the balance is two-fifths completed. Required: With supporting schedule of cost of production report compute the following: 1. EUP materials 2. Manufacturing cost per unit 3. Total cost of the units completed 4. Unit cost transferred 5. Total cost of Work-in-process end

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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The OXO Inc. Manufactures its product in two successive departments, namely A and B. During the month of December, department A transferred to department B 20,000 units costing P24,600. Records of Department B showed for December: Units in process, December 1 Received from department A Units transferred to the storeroom Units remaining in department Cost of the work in process, December 1 Cost added during the month: Materials Labor Manufacturing overhead Investigation showed: 1. 2. 5,000 20,000 19,000 6,000 P8,462.00 P8,618.40 7,760.00 7,546.60 That the work in process beginning is two-fifths completed in November. That Labor and Overhead in Department B were applied evenly the process while materials were added as follows: One-fifth at the start of the process; three-tenths when the process is one-third completed; two-fifths when the process is three-fifths completed; and the balance when the process is three-fourths completed. 3. That one-third of the remaining units are one-fourth completed; one half is one-half completed; and the balance is two-fifths completed. Required: With supporting schedule of cost of production report compute the following: 1. EUP materials 2. Manufacturing cost per unit 3. Total cost of the units completed 4. Unit cost transferred 5. Total cost of Work-in-process end
Transcribed Image Text:The OXO Inc. Manufactures its product in two successive departments, namely A and B. During the month of December, department A transferred to department B 20,000 units costing P24,600. Records of Department B showed for December: Units in process, December 1 Received from department A Units transferred to the storeroom Units remaining in department Cost of the work in process, December 1 Cost added during the month: Materials Labor Manufacturing overhead Investigation showed: 1. 2. 5,000 20,000 19,000 6,000 P8,462.00 P8,618.40 7,760.00 7,546.60 That the work in process beginning is two-fifths completed in November. That Labor and Overhead in Department B were applied evenly the process while materials were added as follows: One-fifth at the start of the process; three-tenths when the process is one-third completed; two-fifths when the process is three-fifths completed; and the balance when the process is three-fourths completed. 3. That one-third of the remaining units are one-fourth completed; one half is one-half completed; and the balance is two-fifths completed. Required: With supporting schedule of cost of production report compute the following: 1. EUP materials 2. Manufacturing cost per unit 3. Total cost of the units completed 4. Unit cost transferred 5. Total cost of Work-in-process end
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