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    Rvin James Sanico
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    The document provides information on two departments and their production and costs using FIFO and weighted average methods. Department 1 produced 750,000 equivalent units with total conversion costs of $306,000. Department 2 had no production. The weighted average method shows Department 1 with no production and Department 2 producing 220,000 equivalent units with total conversion costs of $214,000.

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    The document provides information on two departments and their production and costs using FIFO and weighted average methods. Department 1 produced 750,000 equivalent units with total conversion costs of $306,000. Department 2 had no production. The weighted average method shows Department 1 with no production and Department 2 producing 220,000 equivalent units with total conversion costs of $214,000.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    2 views8 pages

    Template Quiz

    Uploaded by

    Rvin James Sanico
    The document provides information on two departments and their production and costs using FIFO and weighted average methods. Department 1 produced 750,000 equivalent units with total conversion costs of $306,000. Department 2 had no production. The weighted average method shows Department 1 with no production and Department 2 producing 220,000 equivalent units with total conversion costs of $214,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 8

    FIFO METHOD

    COOKING DEPT.
    Equivalent Units of Production
    MATERIALS
    % %
    B 600,000 b 60,000 0% 0%
    C
    S 150,000 c 90,000 0% 100%
    R I 600,000 0% 100%
    A L 0% 0%
    UTAF 750,000 UAF 750,000
    EUP EUP

    DEPARTMENT 2
    Equivalent Units of Production
    MATERIALS
    % PD %
    B b 0% 0%
    C
    S c 0% 0%
    R I 0% 0%
    A L 0% 0%
    UTAF - UAF -
    EUP - EUP
    duction STAGE OF COMPLETION
    MATERIALS CONVERSION COST Progress Additional Mat.
    % 0% 100%
    - 60% 36,000
    90,000 100% 90,000
    600,000 30% 180,000
    0%

    690,000 EUP 306,000

    duction STAGE OF COMPLETION


    MATERIALS CONVERSION COST Progress Additional Mat.
    %
    0%
    0%
    0%
    0%

    - EUP -
    COSTING
    Materials CC Materials
    B 50,000 16,400 C B 50,000
    S 630,000 841,500 b -
    R c 82,174
    A I 547,826
    L
    Unit Cost 0.91 2.75 ₱ 680,000

    TCAF 1,537,900 CAF

    COSTING
    PD Materials CC
    B C B
    S b
    R c
    A I
    L
    Unit Cost #DIV/0! #DIV/0! #DIV/0!

    TCAF -
    CC
    16,400
    99,000
    247,500 Transferred out: 495,074
    495,000 WIP, end: 1,042,826
    TOTAL: 1,537,900
    ₱ 857,900

    1,537,900

    G
    PD Materials CC

    Transferred out: -
    WIP, end: -
    TOTAL: -
    ₱ - ₱ - ₱ -

    CAF -
    WEIGHTED AVERAGE METHOD

    DEPARTMENT 1
    Equivalent Units of Production
    MATERIALS
    % %
    B C 0% 0%
    S I 0% 0%
    R L 0% 0%
    A 0% 0%
    UTAF - UAF -
    EUP EUP

    PACKING DEPT.
    Equivalent Units of Production
    MATERIALS
    % PD %
    B 40,000 C 200,000 0% 100%
    S 180,000 I 20,000 0% 100%
    R L 0% 0%
    A 0% 0%
    UTAF 220,000 UAF 220,000
    EUP - EUP
    oduction STAGE OF COMPLETION
    MATERIALS CONVERSION COST Progress Additional Mat.
    %
    0%
    0%
    0%
    0%

    - EUP -

    oduction STAGE OF COMPLETION


    MATERIALS CONVERSION COST Progress Additional Mat.
    % 50% 100%
    200,000 100% 200,000
    20,000 70% 14,000
    0%
    0%

    220,000 EUP 214,000


    COSTING
    Materials CC Materials CC
    B C
    S I
    R L Transferred out:
    A WIP, end:
    TOTAL:
    Unit Cost #DIV/0! #DIV/0! ₱ - ₱ -

    TCAF - CAF -

    COSTING
    PD Materials CC PD Materials
    B 834,000 380,000 513,000 C 1,208,249 800,000
    S I 120,825 80,000
    R 495,074 500,000 770,400 L
    A

    Unit Cost 6.04 4 6.00 ₱ 1,329,074 ₱ 880,000

    TCAF 3,492,474 CAF


    -
    -
    -

    CC
    1,199,439
    83,961

    Finished Goods: 3,207,688


    WIP, end: 284,786
    ₱ 1,283,400 TOTAL: 3,492,474

    3,492,474

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