PROBLEM 23: Cost of Production Report The following information is available for DVC Corporation for the current month: Started this month Beginning WIP (3/5 incomplete) Total spoilage Abnormal...


PROBLEM 23: Cost of Production Report<br>The following information is available for DVC Corporation for the current<br>month:<br>Started this month<br>Beginning WIP (3/5 incomplete)<br>Total spoilage<br>Abnormal spoilage<br>Ending WIP (30% to be done)<br>Transferred out<br>120,000<br>11,250<br>3,000<br>1,350<br>Units<br>Units .<br>Units<br>Units<br>?<br>Units<br>108,750<br>Units<br>Beginning Work in Process Costs:<br>Material<br>P 15,600<br>20,700<br>Conversion<br>Current Costs:<br>P 180,000<br>525,915<br>Material<br>Conversion<br>All materials are added at the start of production and the inspection point is at<br>the end of the process. Using the more accurate method representing the<br>physical flow of units.<br>Required:<br>a. Total costs of units transferred-out<br>b. The amount of work in-process, end<br>c. Cost of abnormal loss units<br>

Extracted text: PROBLEM 23: Cost of Production Report The following information is available for DVC Corporation for the current month: Started this month Beginning WIP (3/5 incomplete) Total spoilage Abnormal spoilage Ending WIP (30% to be done) Transferred out 120,000 11,250 3,000 1,350 Units Units . Units Units ? Units 108,750 Units Beginning Work in Process Costs: Material P 15,600 20,700 Conversion Current Costs: P 180,000 525,915 Material Conversion All materials are added at the start of production and the inspection point is at the end of the process. Using the more accurate method representing the physical flow of units. Required: a. Total costs of units transferred-out b. The amount of work in-process, end c. Cost of abnormal loss units

Jun 08, 2022
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