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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please answer in good accounting form. Thank you! <3

Transcribed Image Text:Seempleylungs Company operates three
producing departments - Cutting,
Sewing and Finishing. In November, the
Sewing department transferred 6,200
units to Finishing and had 400 units in
process at the end of the month. The
Sewing department work in process
inventory as of October 31 were 1,200
units. These units were one-fourth
incomplete as of that date, with a cost of
P13,312. Out of this total anmount, 40%
was materials cost, while the cost of
labor was 1/3 of conversion cost. The
units started in the Sewing department
during November were received from the
preceding department at a cost of
P47,595.60. For the same month, the
sewing department incurred P11,772 for
materials, P15,660 for labor and P2,268
for overhead. As of the end of the month,
the department has done one quarter of
the work required to complete the units
in process. Compute for the cost of units
transferred to the Finishing department.
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