Department B started operations in March with 3,000 units, 1/3 completed. During the month 8,000 units were received fro

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Department B started operations in
March with 3,000 units, 1/3 completed. During the month 8,000 units
were received from Department A with a total cost of 16,000. Eight
thousand units were completed and transferred to the finished goods
storeroom, while 2,000 units remained in process at the end of the
month, ¼ completed and 1,000 units were lost. The total costs
incurred for materials, labor and manufacturing overhead
during the month amounted to 12,750.
Required: Under both FIFO and Weighted
Average methods, compute for units cost adjustment for lost units
under such of the following independent cases:
a. at the beginning
b. during the process
c. at the end of the process
Department B started operations in
March with 3,000 units, 1/3 completed. During the month 8,000 units
were received from Department A with a total cost of 16,000. Eight
thousand units were completed and transferred to the finished goods
storeroom, while 2,000 units remained in process at the end of the
month, ¼ completed and 1,000 units were lost. The total costs
incurred for materials, labor and manufacturing overhead
during the month amounted to 12,750.
Required: Under both FIFO and Weighted
Average methods, compute for units cost adjustment for lost units
under such of the following independent cases:
a. at the beginning
b. during the process
c. at the end of the process