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Compute for equivalent units of production and prepare cost

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The Tanh Mfg. Co. operates two consecutive producing departments, A 8: B. The following quantity data are on Department A's production in December:

In process, December 1 5,000 units, 1/5 done
Placed In process 50,000 units
In process, December 31 3,000 units, 2.13 done
Transferred out 49,500 units
Cost data:
Cost Last Month P 25,000
CT M: Materials
Labor Overhead 315,000

Question 1: Using the average cost method, compute for equivalent units of production and prepare cost of production report under each of the following assumptions:

a. Loss occurs at the start

b. Loss occurs at the end

Reference no: EM132549479

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