In using FIFO method, Cruz Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For December 2021, Cruz Company presented the following costs on three processes: What is the equivalent units of production (EUP) on Materials in Department 1? 15,000 15,100 16,000 14,200 What is the equivalent units of production (EUP) on Materials in Department 2? 15,100 15,000 15,150 14,800
Extracted text: Costs incurred: Materials Direct Labor Overhead Total Process 1 Process 2 Process 3 33,750 30,000 22,725 18,180 70,905 27,729 30 200 24,648 24,160 88,110 50% at beginning, 50% 40% at beginning, 30% at at 60% complete 19,718 72,095 Materials are added at: |100% at the beginning 50% conplete, and remaining 30% at 80% complete. Started/Transferred In 15,000 units 1,000 units 50% complete. Cost: Materials P2,250; Labor P1,000; OH P800. 15,200 units 500 units 70% complete. 250 units 40% complete, 250 Cost fom preceding department P2,925; Materials P1,0003; Labor Р525 оН Р420. 15,300 Units 5,700 units units 70% complete. Cost from preceding pepartment P5,275; Materials P 495; Labor P440; OH P 352. 15,400 Units In process, beginning Completed 15,200 units In Process, end 800 units 50% complete 400 units 50% complete 400 units at 70% complete