Homework answers / question archive / Costs Analysis - Single Department (No beginning inventory)   The following data appeared in the accounting records of Department I of Ultima Company:            Started in process                                                                 12,000 units            Completed and transferred                                                    10,500 units            Work in process, end (2/5 complete)                                           1,500 units            Costs:                        Materials                                                                      P 72,000                        Labor                                                                            88,800                        Overhead                                                                       44,400   One half of the materials are added at the beginning of the process and the balance when the units are one-half completed

Costs Analysis - Single Department (No beginning inventory)   The following data appeared in the accounting records of Department I of Ultima Company:            Started in process                                                                 12,000 units            Completed and transferred                                                    10,500 units            Work in process, end (2/5 complete)                                           1,500 units            Costs:                        Materials                                                                      P 72,000                        Labor                                                                            88,800                        Overhead                                                                       44,400   One half of the materials are added at the beginning of the process and the balance when the units are one-half completed

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Costs Analysis - Single Department (No beginning inventory)

The following data appeared in the accounting records of Department I of Ultima Company:

           Started in process                                                                 12,000 units

           Completed and transferred                                                    10,500 units

           Work in process, end (2/5 complete)                                           1,500 units

           Costs:

                       Materials                                                                      P 72,000

                       Labor                                                                            88,800

                       Overhead                                                                       44,400

One half of the materials are added at the beginning of the process and the balance when the units are one-half completed.

Required:

1.    EUP for materials and conversion costs.

2.    Cost of the units completed and transferred.

3.    Cost of the units in process at the end of the month.