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Problem 4 The Salty Mfg. Co. operates three producing departments, A, B and C. It uses the weighted average costing method. The following data are on the production of Department B for October, 2021: Added in Department B Materials Conversion (In pesos) Cost (PhP) Transfer Units In (in Pesos) In process, Oct. 1 Received from Department A Total 5,000 9,990 1,020 21,855 998 20,000 25,000 19,000 39,010 21,877 Transferred out Normal Loss Abnormal loss 1,000 500 In process, Oct. 31 Factory costs are applied evenly throughout the process. Beginning work in process was 20% done while ending work in process is % done. Abnormal loss occurred at the end of the process. What should be the accumulated cost of work in process as of October 31 if the normal loss occurred during the process (with adjustment for lost units based on the remaining good units? 4,500

Problem 4 The Salty Mfg. Co. operates three producing departments, A, B and C. It uses the weighted average costing method. The following data are on the production of Department B for October, 2021: Added in Department B Materials Conversion (In pesos) Cost (PhP) Transfer Units In (in Pesos) In process, Oct. 1 Received from Department A Total 5,000 9,990 1,020 21,855 998 20,000 25,000 19,000 39,010 21,877 Transferred out Normal Loss Abnormal loss 1,000 500 In process, Oct. 31 Factory costs are applied evenly throughout the process. Beginning work in process was 20% done while ending work in process is % done. Abnormal loss occurred at the end of the process. What should be the accumulated cost of work in process as of October 31 if the normal loss occurred during the process (with adjustment for lost units based on the remaining good units? 4,500

Accounting (Text Only)
Accounting (Text Only)
26th Edition
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter21: Cost Behavior And Cost-volume-profit Analysis
Section: Chapter Questions
Problem 21.28EX: Appendix Absorption costing income statement On June 30, the end of the first month of operations,...
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Problem 4 - Average with Lost Units Problem 4 The Salty Mfg. Co. operates three producing departments, A, B and C. It uses the weighted average costing method. The following data are on the production of Department B for October, 2021: Transfer In Added in Department B Materials Conversion (In pesos) Cost (PhP) Units in Pesos) In process, Oct. 1 Received from Department A Total 5,000 20,000 25,000 19,000 1,000 9,990 39,010 1,020 21,855 998 21,877 Transferred out Normal Loss Abnormal loss In process, Oct. 31 Factory costs are applied evenly throughout the process. Beginning work in process was 20% done while ending work in process is X done. Abnormal loss occurred at the end of the process. What should be the accumulated cost of work in process as of October 31 if the normal loss occurred during the process (with adjustment for lost units based on the remaining good units? 4,500 Your answer
Transcribed Image Text:Problem 4 - Average with Lost Units Problem 4 The Salty Mfg. Co. operates three producing departments, A, B and C. It uses the weighted average costing method. The following data are on the production of Department B for October, 2021: Transfer In Added in Department B Materials Conversion (In pesos) Cost (PhP) Units in Pesos) In process, Oct. 1 Received from Department A Total 5,000 20,000 25,000 19,000 1,000 9,990 39,010 1,020 21,855 998 21,877 Transferred out Normal Loss Abnormal loss In process, Oct. 31 Factory costs are applied evenly throughout the process. Beginning work in process was 20% done while ending work in process is X done. Abnormal loss occurred at the end of the process. What should be the accumulated cost of work in process as of October 31 if the normal loss occurred during the process (with adjustment for lost units based on the remaining good units? 4,500 Your answer
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