The following data pertain to the production of the second department of Manufacturing Corp. for the month of March: WIP, beg 5,000 units ; 1⁄2 done Received from department A 20,000 units @ P1 WIP, end 6,000 units; 2/3 doneLost units 2,000 units Cost data:WIP, beg P14,100 Cost this Dep’tMaterials 39,900 Direct labor 23,940 Factory Overhead 15,960 Factory costs are evenly applied and all lost units were considered normal. Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases:[a] Loss occurred at the start of process; [b] Loss occurred during process; [c] Loss occurred at the end of process.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following data pertain to the production of the second department of Manufacturing Corp. for the month of March:
WIP, beg 5,000 units ; 1⁄2 done
Received from department A 20,000 units @ P1
WIP, end 6,000 units; 2/3 doneLost units 2,000 units
Cost data:WIP, beg P14,100
Cost this Dep’tMaterials 39,900
Direct labor 23,940
Factory Overhead 15,960
Factory costs are evenly applied and all lost units were considered normal.
Required: Prepare the cost of production report of Department B for the month of March assuming
the following independent cases:[a] Loss occurred at the start of process;
[b] Loss occurred during process;
[c] Loss occurred at the end of process.

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