PROBLEM 1 15 POINTS

Compute for the Equivalent Production

Case A
Started in process 3,000.00
Completed and transferred 4,750.00

* The work in process at the end of period is only 75% of the work in process at the beginning and its stages of completion are 1/2 and 4/5 respecti

Case B
Started in process 6,000.00
In process, end (3/4 incomplete) 4,000.00

* Of the finished and transferred units, 3/5 represent WIP at the beginning which were 1/3 completed during the current period.

Case C
In process Beginning (4/5 incomplete) 2,500.00
In process, End (2/5 completed) 5,000.00

* the completed and transferred units represent 2/3 of the total units started in process during the period.

Case A
% Completed
Total Units Actually Completed 100% 4,750
Add: Equivalent Units of In Process End 80% 1,050
Total 5,800
Less: Equivalent units of Work in Process Beginning 50% 875
TOTAL EQUIVALENT PRODUCTION 6,675
Case B
% Completed
Total Units Actually Completed 100%
Add: Equivalent Units of In Process End 25% 1,000
Total
Less: Equivalent units of Work in Process Beginning 33.33%
TOTAL EQUIVALENT PRODUCTION

Case C
% Completed
Total Units Actually Completed 100%
Add: Equivalent Units of In Process End 40% 2,000
Total
Less: Equivalent units of Work in Process Beginning 20% 500
TOTAL EQUIVALENT PRODUCTION
 units
units

stages of completion are 1/2 and 4/5 respectively.

units
units

ed during the current period.

units
units

Completed and transferred 4,750

Started in process 3,000
IP, Beg 1,750

IP, End 1,313

Started in process 6,000
In process, end 1,000
Completed and transferred 5,000
IP, Beg 3,000
Actually Completed 2,000
PROBLEM 2 (15 POINTS)

Del Monte Company adds material at the start to its production process and has the following information available for August:

Beginning Work in Process Inventory (75% complete as to conversion) 15,750 units

Started this period 72,000 units
Ending Work in Process Inventory (40% complete as to conversion) 5,625 units
Transferred out ?

Requirements:
Compute the number of units started and completed in August.
Calculate equivalent units of production for material using FIFO
Calculate equivalent units of production for conversion using FIFO.

PROBLEM 2 (15 POINTS)

Del Monte Company adds material at the start to its production process and has the following information available for August:

Beginning Work in Process Inventory (75% complete as to conversion) 15,750 units

Started this period 72,000 units
Ending Work in Process Inventory (40% complete as to conversion) 5,625 units
Transferred out ?

Requirements:
Compute the number of units started and completed in August. 87,750.00
Calculate equivalent units of production for material using FIFO 72,000.00
Calculate equivalent units of production for conversion using FIFO. 72,562.50

F&T EUP Materials EUP Conversion C

IP, Beginning 15,750 0% - 25% 3,937.50
Current Production 66,375 100% 66,375.00 100% 66,375.00
IP, End 5,625 100% 5,625.00 40% 2,250.00
TOTAL UNITS AS ACCOUNTED 87,750 72,000.00 72,562.50

SIP 72,000
IP, End 5,625
CP 66,375
PROBLEM 3 (25 POINTS)

Following are data from department B:

Received from preceding department 108,000 units

Completed and transferred 72,000 units
Completed and on hand 24,000 units
In process, April 30 (3/4 completed) 12,000 units

The production costs for the month of April were the following:
Materials 86,400.00
Labor 15,750.00
Overhead 5,250.00

Materials are applied 60% when the process is started and 40% when the process reached 80% completion. Labor and overhead costs are applied evenly.
The unit cost for Department A in May is P2.00.

Requirements:
a Total units to be accounted
b The equivalent production for materials
c The equivalent production for labor and overhead
d Current production (in units)
e The total unit cost
f Total cost of completion of units under Current production
g The total cost of completed & transferred units
h The total cost charges for the work in process end
i The total costs to be accounted for the month

Materials % Completed
 60% started
40% 80%
100%

QUANTITY SCHEDULE

IP, BEGINNING
STARTED IN PRxx
TOTAL UNITS -

F&T EUP
IP, Beginning xx %
Current Produxx 100%
IP, End xx %
TOTAL UNITS -

SIP 108,000
IP, END 12,000
CP 96,000

CP 96,000
F&T 72,000
IP, BEG 24,000
ts are applied evenly.