NORMAL LOSS – FIFO SUCCEEDING DEP’T The following data pertain to the production of the second department of Sumi Manufacturing Corp. for the month of March: WIP, beg 5,000 units ; ½ done Received from department A 20,000 units @ P1 WIP, end 6,000 units; 2/3 doneLost units 2,000 units Cost data: WIP, beg P14,100 Cost this Dep’t Materials 39,900 Direct labor 23,940 Factory Overhead 15,960 Factory costs are evenly applied and all lost units were considered normal. Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases: [a] Loss occurred at the start of process; [b] Loss occurred during process; [c] Loss occurred at the end of process. NORMAL LOSS – FIFO SUCCEEDING DEP'TThe following data pertain to the production of the seconddepartment of Sumi Manufacturing Corp. for the month of March:WIP, begReceived from department AWIP, endLost units5,000 units20,000 units6,000 units;2,000 units:½ done@ P12/3 doneCost data:P14,100||WIP, begCost this Dep'tMaterials39,90023,94015,960Direct laborFactory OverheadFactory costs are evenly applied and all lost units were considerednormal.Required: Prepare the cost of production report of Department B for themonth of March assuming the following independent cases:[a] Loss occurred at the start of process;[b] Loss occurred during process;[c] Loss occurred at the end of process.

The production cost report is defined as the summarized statement that provides information…

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ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter21: Cost-volume-profit Analysis

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Problem 21.28EX: Appendix Absorption costing income statement On June 30, the end of the first month of operations,...

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NORMAL LOSS – FIFO SUCCEEDING DEP’T

The following data pertain to the production of the second department of Sumi Manufacturing Corp. for the month of March:

WIP, beg 5,000 units ; ½ done

Received from department A 20,000 units @ P1

WIP, end 6,000 units; 2/3 done

Lost units 2,000 units

Cost data:

WIP, beg P14,100

Cost this Dep’t

Materials 39,900

Direct labor 23,940

Factory Overhead 15,960

Factory costs are evenly applied and all lost units were considered normal.

Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases:

[a] Loss occurred at the start of process;

[b] Loss occurred during process;

[c] Loss occurred at the end of process.

NORMAL LOSS – FIFO SUCCEEDING DEP'T
The following data pertain to the production of the second
department of Sumi Manufacturing Corp. for the month of March:
WIP, beg
Received from department A
WIP, end
Lost units
5,000 units
20,000 units
6,000 units;
2,000 units
:½ done
@ P1
2/3 done
Cost data:
P14,100||
WIP, beg
Cost this Dep't
Materials
39,900
23,940
15,960
Direct labor
Factory Overhead
Factory costs are evenly applied and all lost units were considered
normal.
Required: Prepare the cost of production report of Department B for the
month of March assuming the following independent cases:
[a] Loss occurred at the start of process;
[b] Loss occurred during process;
[c] Loss occurred at the end of process.

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