C8K Company manufactures plastic hats. The monthly production report for October 20X1 follows: INSTRUCTIONS Prepare the equivalent
Question:
C8K Company manufactures plastic hats. The monthly production report for October 20X1 follows:
INSTRUCTIONS
Prepare the equivalent production computations for each department.
Analyze: What portion of materials was added in October in the assembly department’s ending work in process inventory?
Transcribed Image Text:
C8K Company Monthly Production Report for October 20X1 Quantities Started in production-current month Transferred in from prior department Transferred out to next department Transferred out to finished goods Work in process-ending Stage of Completion-Ending Work in Process Materials Labor Overhead Molding Department 9,000 -0- 7,000 -0- 2,000 100% 80 80 Assembly Department -0- 7,000 6,800 200 100% 60 60 Finishing Department -0- 6,800 -0- 5,500 1,300 100% 50 50
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Analyze 100 of the materials were added to the assembly departments ending work in process inventory ...View the full answer
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Related Book For
College Accounting Chapters 1-30
ISBN: 9781260247909
16th Edition
Authors: David Haddock, John Price, Michael Farina
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