Requirements:1. Prepare the production report2. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 50% stage of completion and 70% of materials is added after th inspection point and the remaining 30% is added at the end of the production. Prepare the production report3. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 70% stage of completion and 70% of materials is added after th inspection point and the remaining 30% is added at the end of the production. Prepare the production report The JBriones Company uses process costing in its two producing departments.following information pertain to Department 2 for November.TheplaceNormal spoilage is 5% of output: inspection and identification of spoilage takeat the end of the process: materiais are added after inspection.D.000.Department 2 rcceived 28.000 units from Department 1 at a cost of P280Department 2 costs were P24.000 for nmaterials and P180,000 for conversion costs.A total of 16.000 units were completed and transferred to finished goods. At thof the month. 10.000 units were still in process. estimated to be 60% completeie endas tocon ersion costsCs Scanned with CamScannerRequirements:1. Prepare the production report2. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 50% stage of completion and 70% of materials is added after theinspection point and the remaining 30% is added at the end of the production. Prepare the production report3. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 70% stage of completion and 70% of materials is added after theinspection point and the remaining 30% is added at the end of the production. Prepare the production report

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Answered: The JBriones Company uses process…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 16E: Chavez Concrete Inc. has two production departments. Blending had 1,000 units in process at the...

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Requirements:
1. Prepare the production report
2. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 50% stage of completion and 70% of materials is added after th inspection point and the remaining 30% is added at the end of the production. Prepare the production report
3. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 70% stage of completion and 70% of materials is added after th inspection point and the remaining 30% is added at the end of the production. Prepare the production report

The JBriones Company uses process costing in its two producing departments.
following information pertain to Department 2 for November.
The
place
Normal spoilage is 5% of output: inspection and identification of spoilage take
at the end of the process: materiais are added after inspection.
D.000.
Department 2 rcceived 28.000 units from Department 1 at a cost of P280
Department 2 costs were P24.000 for nmaterials and P180,000 for conversion cost
s.
A total of 16.000 units were completed and transferred to finished goods. At th
of the month. 10.000 units were still in process. estimated to be 60% complete
ie end
as to
con ersion costs
Cs Scanned with CamScanner
Requirements:
1. Prepare the production report
2. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 50% stage of completion and 70% of materials is added after the
inspection point and the remaining 30% is added at the end of the production. Prepare the production report
3. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 70% stage of completion and 70% of materials is added after the
inspection point and the remaining 30% is added at the end of the production. Prepare the production report

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