Case A Beginning inventory 20,000 units ; 75% incomplete Transferred-out 1000,000 units Units started 150,000 units Ending inventory ” 617 done 1/5 of materials are added when the units are in the “4 stage of production; remaining materials are added when the units are 90% converted EUP for Materials and Conversion using FIFO: A. 110,000 & 160,000 B. 112,500 & 167,500 C. 110,000 & D. 112,500 & 15 Case B: Transferred-out 480,000 units Started in Process s Ending Inventory 1/8 unconverted completed: balance when 80% Forty percent of materials are added when the processing is halfway completed. Beginning inventories, if any, is 3/5 to be completed. EUP for Materials and Conversion using Average Costing: A. 656,000 & 601,500 B, 660,000 & 601.500 C. 660,000 & 637,500 D. 660,000 & 613,500 The following information is available for Detox Company for the current year: Beginning Work in Process Costs of Beginning Work in Process: (25% to complete) 14,500 units Material P 25,100 Started 75,000 units Conversion 50,000 Ending Work in Process Current Costs: (40% unconverted) 16,000 units Material P 120,000 Transferred out 66,000 units Conversion 300,000 Normal spoilage 5,000 units All materials are added at the start of production. Using FIFO, what is the cost per equivalent unit for conversion costs? A. 446 B. 4.15 Cc. 430 D. 3.844, During July 2021, the PLATING Dept. of XYZ Manufacturing Inc., had an opening work-in-process with 80% completed units and an ending work-in-process with 50% completed units in terms of conversion. All materials are added at the start of processing, units are inspected at the end of processing. Normal loss should not exceed 2% of the units started during the period, Related data for the month follow Units Materials Conversion Cast WIP-March T 12,000 32,100) P5720 Units started 150,000 300,000 317,680, Units transtemed-out 142,000 Lost Units 4,000 ‘Compute for the following 1, Equivalent units of production under FIFO costing for (1) materials and (2) conversion A. (1) 150,000; (2) 144,400 B. (1) 162,000, (2) 154,000 C. (1) 144,400, (2) 150,000 D. (1) 154,000; (2) 162,000 2, Equivalent units of production under Average costing for (1) materials and (2) conversion A, (1) 150,000; (2) 144,400 B. (1) 162,000; (2) 154,000 C. (1) 144,400; (2) 150,000 D. (1) 154,000, (2) 162,000 3. Total cost of the units transferred-out under FIFO A. 601,750 B_ 580,150 C. 601,700 D. 589,100 4. Total cost of the units transferred-out under Average costing A. 601,750 B. 589.750 C. 601,550 D. 589,3005, ABC Manufacturing Company produces a product that passes through two processes, GRINDING AND POLISHING. During July, POLISHING Department received 750,000 units from GRINDING Department at a unit cost of P1.20, All materials needed are added at the start of processing, Units in the POLISHING Department are inspected when they are 80% converted. It has been the experience of the company that ' of 1% of the units started received were lost during processing, The following information summarized the transaction of the POLISHING Department for the month of July Beg. WIP Inventory- 100,000 units (10% to complete) Materials- P!2,500; Conversion- P20,500: Transferred-In -P24,500. Ending WIP Inventory- 60,000 units (10% to complete) Lost Units- 5,000 Cost Added during the month: Materials- P600,000; Conversion C 828,300 The company uses weighted average and first-in-first-out method in the GRINDING and POLISHING Department, respectively. 1, Compute the total cost transferred to the Finished Goods Inventory A.2,144,455 B. 2,190,955 C.2,201,955 D.2,197,455 2. Compute the total cost of the ending WIP A. 180.245 B. 108,245 C. 176,107 D. 181,090 wentory in the POLISHING Department