ABADDON Tool Company uses a process cost system with a fifo cost assumption to account for the production of its only product, which is manufactured in two departments. Units are started in Fabricating Department and then transferred to the Finishing Department, where they are completed. Units are inspected at the 60% stage of conversion in the Fabricating Department and at the end of the process in the Finishing Department. Materials are added at the beginning of the process in both departments. Unit of product spoiled in Fabricating department has no salvage value; however, units found to be spoiled at the end of the Finished process have a salvage value of P1 each. Good units are transferred from the Finishing Department to Finished Goods Inventory at cost, and spoiled units are transferred to Spoiled Goods Inventory at their salvage value. The unrecoverable cost of spoilage in both departments is viewed by management as an internal failure cost and charged to Factory overhead control. Data for April are: Finishing 3,000 (100%,40%,40%) Fabricating Units in Beginning 2,000 (100%,70%,70%) Units Started 9,000 Units transferred to the next dept 9,000 9,900 Units spoiled in process 500 100 2,000 (100%,60%,60%) Units ending 1,500 (100%,40%,40%) Beginning Inventory Cost DM-P1,900; DL-P340; OH-P1,020 TI-P6,100; DM-P3,500; DL-P520; OH-P780 Current Period Cost DM-P9,180; DL-P2,125; OH-P6,375 DM-P10,800; DL-P4,000; OH-P6,000 PREPARE THE COST OF PRODUCTION REPORT

Muskoge Company uses a process-costing system. The company manufactures a product that isprocessed in two departments: Molding and Assembly. In the Molding Department, directmaterials are added at the beginning of the process; in the Assembly Department, additionaldirect materials are added at the end of the process. In both departments, conversion costs areincurred uniformly throughout the process. As work is completed, it is transferred out. Thefollowing table summarizes the production activity and costs for February: Molding AssemblyBeginning inventories: Physical units 10,000 8,000 Costs: Transferred in — $ 45,400 Direct materials $22,000 — Conversion costs $13,800 $ 16,700Current production: Units started 25,000 ? Units transferred out 30,000 35,000 Costs: Transferred in — ? Direct materials $ 56,250 $ 40,250 Conversion costs $103,500 $142,845 Percentage of completion: Beginning inventory 40% 55% Ending inventory 80 50Required:3. Using the FIFO method, prepare the following for…

Manji

Calculate the first production department's equivalent units of production for materials and conversions for May. Compute the first production departments cost per equivalent unit for materials and conversions for May. (Round your answer to 2 decimal places.) Compute the first production departments cost of ending work in process inventory for materials, conversions, and in total for May. (Round your intermediate calculations to 2 decimal places.) Compute the first production departments cost of the units transferred to the next production department for materials conversion, and in total for may. (Round your intermediate calculations to 2 decimal places.)

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Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments Mixing, Refining, and Packaging. On January 1, the first department-Mixing-had no beginning inventory. During January, 52,000 fl. oz. of chemicals were started in production. Of these, 36,000 fl. oz. were completed and 16,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted average method is used. At the end of the month, Alchemy calculated equivalent units of production. The ending inventory in the Mixing Department was 70% complete with respect to conversion costs. With respect to direct materials, what is the number of equivalent units of production in the ending inventory? OA. 16,000 equivalent units B. 36,000 equivalent units OC. 52,000 equivalent units OD. 11,200 equivalent units ***

FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and costs for February:     Molding   Assembly Beginning inventories:           Physical units   10,000     8,000     Costs:             Transferred in   —     $45,300       Direct materials   $22,000     —       Conversion costs   $13,800     $16,900   Current production:           Units started   25,000     ?     Units transferred out   30,000     35,000     Costs:             Transferred in   —     ?       Direct materials…