Mallett Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at
Question:
Instructions
(a) For each plant:
(1) Compute the physical units of production.
(2) Compute equivalent units of production for materials and for conversion costs.
(3) Determine the unit costs of production.
(4) Show the assignment of costs to units transferred out and in process.
(b) Prepare the production cost report for Plant 1 for July2011.
Transcribed Image Text:
Cutting Department Plant 1 T12-Tables Plant 2 C10-Chairs Production Data-Jul Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 20,000 3,000 60 16,000 500 80 Cost Data-July Work in process, July 1 Materials Labor Overhead 380,000 234,400 104,000 718,400 288,000 125,900 96,700 $510,600 Total
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a 1 Physical units T12 Tables C10 Chairs Units to be accounted for Work in process July 1 Started into production Total units Units accounted for Tran...View the full answer
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Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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