Please show your computations using good accounting form through excel. Thank you!Problem: Average CostingUsing the weighted average method, what should be the accumulated cost of work in process as of March 31? PROBLEM 3The addition of water at the start of the process in Dept. B of Mcdo Mfg. Co., increases thequantity by 5%. The following data pertain to its production for March:Quantity data:In process, March 1Transferred in12,000 units, % done80,000 units10,000 units, 2/5 doneIn process, March 31Cost Data:In process, March 1Breakdown:P 17,735Cost from Department ACost from Department B:Materials- P3,125; Labor-P1,490; FOH – P1,320P 11,800Transferred InP86,120Cost added in September:Materials - P21,835; Labor-P43,510; FOH – P34,680Materials are added at the start of the process while conversion costs are applied evenly.Using the weighted average method, what should be the accumulated cost of work in processas of March 31?

An inventory valuation approach used to determine the average cost of a collection of related things…

The addition of water at the start of the process in Dept. B of Mcdo Mfg. Co., increases the quantity by 5%. The following data pertain to its production for March: Quantity data: In process, March 1 Transferred in In process, March 31 Cost Data: In process, March 1 Breakdown: Cost from Department A Cost from Department B: Materials- P3,125; Labor-P1,490; FOH - P1,320 P 11,800 Transferred In 12,000 units, % done 80,000 units 10,000 units, 2/5 done P 17,735 P86,120 Cost added in September: Materials - P21,835; Labor-P43,510; FOH-P34,680 Materials are added at the start of the process while conversion costs are applied evenly. Using the weighted average method, what should be the accumulated cost of work in process as of March 31?

The addition of water at the start of the process in Dept. B of Mcdo Mfg. Co., increases the quantity by 5%. The following data pertain to its production for March: Quantity data: In process, March 1 Transferred in In process, March 31 Cost Data: In process, March 1 Breakdown: Cost from Department A Cost from Department B: Materials- P3,125; Labor-P1,490; FOH - P1,320 P 11,800 Transferred In 12,000 units, % done 80,000 units 10,000 units, 2/5 done P 17,735 P86,120 Cost added in September: Materials - P21,835; Labor-P43,510; FOH-P34,680 Materials are added at the start of the process while conversion costs are applied evenly. Using the weighted average method, what should be the accumulated cost of work in process as of March 31?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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