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Problem 5 - Cost of Production Report (Normal and Abnormal Spoilage) Lenlen Corporation produces a product through a continuous process in two departments. Materials in this department are added at the beginning of the process. The production and cost data were taken from Department B during September 2019 Production Data: Received from Dep't A 80,000 units Completed and Transferred 60,000 units In Process, end (50% complete) 10,000 units Lost 10,000 units Cost Data: Received from Dep't A P560,000 Materials P175,000 Labor P121,875 Overhead P243,750 Required: Cost of Production Report under the following assumptions: a. Lost units - normal, discovered at the beginning b. Lost units - normal, discovered at the end c. Lost units - abnormal, discovered when 60% completed d. Lost units - abnormal, discovered at the end. The estimated value of the spoiled units at P12.00 each Problem 6 - Cost of Production Report (Spoilage) The JB Company uses process costing in its two producing departments. The following information pertain to Department 2 for November. Normal spoilage is 5% of output; inspection and identification of spoilage take place at the end of the process, materials are added after inspection. Department 2 received 28,000 units from Dept 1 at a cost of P280,000. Dept 2 costs were P24,000 for materials and P180,000 conversion costs. A total of 16,000 units were completed and transferred to finished goods. At the end of the month, 10,000 units were still in process, estimated to be 60% complete as to conversion costs. Required: Cost of production report for Dep't 2. Problem 7 - Cost of Production Report (Spoilage and Increase in Materials) The EDSA Corporation manufactures a product in two departments. Materials are added in each department, increasing the number of units manufactured, A summary of the cost for the company's first month of operations (January) is as follows: Dep't 1 Dep't 2 Materials P180,000 P135,000 Labor P78,000 P82,800 Overhead P15,600 P41,400 The production supervisor report that 60,000 units were put into production in Department 1. Of this quantity, 15,000, a normal number, were lost in production; and 36,000 were completed and transferred to Department 2. For the balance in process at the end of the month, all materials had been added, but only one third of the labor and factory overhead had been applied.

          Problem 5 - Cost of Production Report (Normal and Abnormal Spoilage)
Lenlen Corporation produces a product through a continuous process in two departments. Materials in this department are added at the beginning of the process. The production and cost data were taken from Department B during September 2019

Production Data:
Received from Dep't A 80,000 units
Completed and Transferred 60,000 units
In Process, end (50% complete) 10,000 units
Lost 10,000 units

Cost Data:
Received from Dep't A P560,000
Materials P175,000
Labor P121,875
Overhead P243,750

Required: Cost of Production Report under the following assumptions:
a. Lost units - normal, discovered at the beginning
b. Lost units - normal, discovered at the end
c. Lost units - abnormal, discovered when 60% completed
d. Lost units - abnormal, discovered at the end. The estimated value of the spoiled units at P12.00 each

Problem 6 - Cost of Production Report (Spoilage)
The JB Company uses process costing in its two producing departments. The following information pertain to Department 2 for November.

Normal spoilage is 5% of output; inspection and identification of spoilage take place at the end of the process, materials are added after inspection.

Department 2 received 28,000 units from Dept 1 at a cost of P280,000. Dept 2 costs were P24,000 for materials and P180,000 conversion costs.

A total of 16,000 units were completed and transferred to finished goods. At the end of the month, 10,000 units were still in process, estimated to be 60% complete as to conversion costs.

Required: Cost of production report for Dep't 2.

Problem 7 - Cost of Production Report (Spoilage and Increase in Materials)
The EDSA Corporation manufactures a product in two departments. Materials are added in each department, increasing the number of units manufactured, A summary of the cost for the company's first month of operations (January) is as follows:

Dep't 1 Dep't 2
Materials P180,000 P135,000
Labor P78,000 P82,800
Overhead P15,600 P41,400

The production supervisor report that 60,000 units were put into production in Department 1. Of this quantity, 15,000, a normal number, were lost in production; and 36,000 were completed and transferred to Department 2. For the balance in process at the end of the month, all materials had been added, but only one third of the labor and factory overhead had been applied.

Problem 5 - Cost of Production Report (Normal and Abnormal Spoilage)
Lenlen Corporation produces a product through a continuous process in two departments. Materials in this department are added at the beginning of the process. The production and cost data were taken from Department B during September 2019

Production Data:
Received from Dep't A 80,000 units
Completed and Transferred 60,000 units
In Process, end (50% complete) 10,000 units
Lost 10,000 units

Cost Data:
Received from Dep't A P560,000
Materials P175,000
Labor P121,875
Overhead P243,750

Required: Cost of Production Report under the following assumptions:
a. Lost units - normal, discovered at the beginning
b. Lost units - normal, discovered at the end
c. Lost units - abnormal, discovered when 60% completed
d. Lost units - abnormal, discovered at the end. The estimated value of the spoiled units at P12.00 each

Problem 6 - Cost of Production Report (Spoilage)
The JB Company uses process costing in its two producing departments. The following information pertain to Department 2 for November.

Normal spoilage is 5% of output; inspection and identification of spoilage take place at the end of the process, materials are added after inspection.

Department 2 received 28,000 units from Dept 1 at a cost of P280,000. Dept 2 costs were P24,000 for materials and P180,000 conversion costs.

A total of 16,000 units were completed and transferred to finished goods. At the end of the month, 10,000 units were still in process, estimated to be 60% complete as to conversion costs.

Required: Cost of production report for Dep't 2.

Problem 7 - Cost of Production Report (Spoilage and Increase in Materials)
The EDSA Corporation manufactures a product in two departments. Materials are added in each department, increasing the number of units manufactured, A summary of the cost for the company's first month of operations (January) is as follows:

Dep't 1 Dep't 2
Materials P180,000 P135,000
Labor P78,000 P82,800
Overhead P15,600 P41,400

The production supervisor report that 60,000 units were put into production in Department 1. Of this quantity, 15,000, a normal number, were lost in production; and 36,000 were completed and transferred to Department 2. For the balance in process at the end of the month, all materials had been added, but only one third of the labor and factory overhead had been applied.

Added by Angelika Marie R.

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