Problem 1 The October data for CPA Company are shown below: Department 1 25,000 Department 2 Units started in process Units received from previous department Units transferred to finished goods...

Problem 1<br>The October data for CPA Company are shown below:<br>Department 1<br>25,000<br>Department 2<br>Units started in process<br>Units received from previous department<br>Units transferred to finished goods inventory<br>Units completed but not transferred<br>Ending units in process<br>15,000<br>7,000<br>1,000<br>7,000 (75%<br>10,000 (80% direct<br>conversion<br>Materials, 65%<br>Conversion costs)<br>costs)<br>Costs added by department:<br>Direct materials<br>Direct Labor<br>P12, 650<br>13,545<br>P9,805<br>6,625<br>Manufacturing Overhead (applied) 5,160<br>Required: For both departments:<br>1. Compute equivalent unit of production.<br>2. Prepare a separate cost of production report.<br>

Extracted text: Problem 1 The October data for CPA Company are shown below: Department 1 25,000 Department 2 Units started in process Units received from previous department Units transferred to finished goods inventory Units completed but not transferred Ending units in process 15,000 7,000 1,000 7,000 (75% 10,000 (80% direct conversion Materials, 65% Conversion costs) costs) Costs added by department: Direct materials Direct Labor P12, 650 13,545 P9,805 6,625 Manufacturing Overhead (applied) 5,160 Required: For both departments: 1. Compute equivalent unit of production. 2. Prepare a separate cost of production report.

Jun 08, 2022

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Problem 1 The October data for CPA Company are shown below: Department 1 25,000 Department 2 Units started in process Units received from previous department Units transferred to finished goods...

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