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What is the total costs of work in process at December 31, 2021 in Department C? P40,932.58 P46,035.41 P42,352.58 P22,097.00

What is the total costs of work in process at December 31, 2021 in Department C? P40,932.58 P46,035.41 P42,352.58 P22,097.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the total costs of work in process at December 31, 2021 in Department C? P40,932.58 P46,035.41 P42,352.58 P22,097.00
RC Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers... For December 2021, RC Company presented the following costs on three processes: Costs incurred: Process A Process B Process C 100,000.00 92,400.00 73,920.00 40% at beginning, Materials 149,400 98,800 79,040 80% at the 122,250 96,800 77,440 50% at beginning, Direct Labor Overhead Materials are added at: beginning, remaining 20% at 50% complete. 50% at 80% 30% at 50% complete complete, and remaining 30% at 80% complete. Started/Transferred 50,000 units In Completed and transferred out 49,000 units 47,500 units 45,000 units In Process, end 1,000 units 40% 1,000 units 70% 1,500 units 60% complete complete, 500 units at 40% complete. complete; 1,000 units 30% complete
Transcribed Image Text:RC Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers... For December 2021, RC Company presented the following costs on three processes: Costs incurred: Process A Process B Process C 100,000.00 92,400.00 73,920.00 40% at beginning, Materials 149,400 98,800 79,040 80% at the 122,250 96,800 77,440 50% at beginning, Direct Labor Overhead Materials are added at: beginning, remaining 20% at 50% complete. 50% at 80% 30% at 50% complete complete, and remaining 30% at 80% complete. Started/Transferred 50,000 units In Completed and transferred out 49,000 units 47,500 units 45,000 units In Process, end 1,000 units 40% 1,000 units 70% 1,500 units 60% complete complete, 500 units at 40% complete. complete; 1,000 units 30% complete
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