1) In Baguio Corp, sixty percent of materials are added when the goods are 14...

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Accounting

1) In Baguio Corp, sixty percent of materials are added when the goods are 14 done

and the remainder, when they are 34 done. The equivalent production of

materials is 20,000 and for conversion cost, 20,500. There are 2,000 units in the

ending WIP, 14 done. WIP beginning was 4/5 done. Normal loss at the beginning is

500 units. Unit cost from preceding department was P10.40. In this department,

materials unit cost was P3 and conversion unit cost was P2. How much is the

adjustment for lost unit for each remaining good unit?

2) For Bokod Corp, materials are added at the start of the process in Department B.

Units received from Department A costs P11.10 while in Department B, unit costs

for materials and conversion costs were P1 and P1.22 respectively. The company's

quantity data showed that WIP beg, which had a cost of P80,000, had 8,000

units and were 34 done. During the period, Department A transferred 50,000

units to Department B. At the end of the period, WIP has 10,000 units which are

1/5 done and there were 3,000 normal lost units. Compute for the equivalent

units using average.

3) For Itogon Corp, materials are added at the start of the process in Department B.

Units received from Department A costs P11.10 while in Department B, unit costs

for materials and conversion costs were P1 and P1.22 respectively. The company's

quantity data showed that WIP beg, which had a cost of P80,000, had 8,000

units and were 34 done. During the period, Department A transferred 50,000

units to Department B. At the end of the period, WIP has 10,000 units which are

1/5 done and there were 3,000 normal lost units. Compute for the equivalent

units using FIFO.

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