Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete Started in process 3,000.00 4,000.00 33,000.00 30,000.00 5,000.00 Completed and transferred 25,000.00 Wip, end 40% to complete 6,000.00
Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete Started in process 3,000.00 4,000.00 33,000.00 30,000.00 5,000.00 Completed and transferred 25,000.00 Wip, end 40% to complete 6,000.00
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 30E: Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process...
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Using FIFO, compute for the total cost transferred to finished goods if the losses were discovered at the end of process and were considered abnormal.
Transcribed Image Text:Malleynila Company manufactures a single product in two process departments. Costs and
production data to the month of November follows:
COSTS
ASSEMBLY FINISHING
Wip, beg (50% materials, 30% labor, 20% overhead)
9,750.00 18,000.00
Materials
64,000.00
Labor
47,250.00 85,800.00
Factory overhead
31,500.00 47,200.00
QUANTITY
Wip, beg 1/2 complete
Started in process
3,000.00
33,000.00
30,000.00 25,000.00
4,000.00
Completed and transferred
Wip, end 40% to complete
5,000.00
6,000.00
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