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CoursHeroTranscribedText: 1. ABC Manufacturing Company produces a product in two manufacturing departments, Molding and Finishing. The product is molded out of plastic in the Molding Department and then transferred to the Finishing Department, where parts are added to the molded plastic unit. Data related to August Operations in the Molding Department are: Beginning Inventory Added this Period Costs Charged to the Department: Materials P48,300 P455,900 Direct Labor 2,870 135,400 Factory Overhead 12,900 184,500 During the period, 9,200 units were transferred from the Molding Department to the Finishing Department. The Molding Department had 1,000 units still in process at the end of July (100% complete as to materials and 40% complete as to conversion cost) and 800 units still in process at the end of August (75% complete as to materials and 25% complete as to conversion cost) 2. XYZ Corporation manufactures a product in three departments. The product is cut out of sheet metal in the Cutting Department, then transferred to the Forming Department where it is bent to shape and certain parts purchased from outside vendors are added to the unit. The product is finally transferred to the Painting Department, when it is primed painted and packaged. Data related to September operations in the Forming Department are: Units in beginning inventory (80% materials, 40% labor and overhead) 1,400 Units received from the Cutting Department this period 4,600 Units transferred to Painting Department this period 5,000 Units in ending inventory (60% materials, 30% labor and overhead) 1,000 Beginning Inventory Added this period Costs charged to the department: Costs from the preceding period P211,200 P703,800 Materials 59,360 203,840 Direct Labor 26,020 175,380 Factory overhead 52,040 350,760 @uired: Allocate costs to WP and Transferred Out using Leighted average and FIFO method

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