Bohol Mfg. Co. operates a single-department factory in the processing of its sole product. Assignment of...

   

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Bohol Mfg. Co. operates a single-department factory in the processing of its sole product. Assignment of unit cost is based on the FIFO method. The following data are given on its August, 19H production: 5. Quantity data: In process, August 1 Placed in process In process, August 31 Cost data: In process, August 1 Factory costs: Materials Labor Factory overhead -8,000 units, 1/4 done 70,000 units 12,000 units, 2/3 done P 1,110 23,760 15,840 12,240 A Required: à. Cost of production report supported by the schedule of equivalent production. b. T-account for work in process. Exercise 11: Uneven Application of Cost-Succeeding Dept. 5 Department B of Tocino Manufacturing Co. adds materials at the middle of the process. The following data pertain to its December, 19C production: Process Costing-FIFQ: Even and Uneven Application of Cost 23% Quantity data: In process, December 1 Received from Department A In process, December 31 ........ Cost datá: In process, December 1....... Received from Department A. Factory costs, December: 12# Materials Labor ...... Factory overhead rate: 50% of labor cost Required: Cost of production report 10,000 units, 1/5 done 50,000 units 9,000 units, 4/9 done P 21,290 100,000 61,200 31,800 REQUIRED: Exercise 6. a. Cost of production report supported by the schedule of the equivalent production. b. T-account for work in process. Bohol Mfg. Co. operates a single-department factory in the processing of its sole product. Assignment of unit cost is based on the FIFO method. The following data are given on its August, 19H production: 5. Quantity data: In process, August 1 Placed in process In process, August 31 Cost data: In process, August 1 Factory costs: Materials Labor Factory overhead -8,000 units, 1/4 done 70,000 units 12,000 units, 2/3 done P 1,110 23,760 15,840 12,240 A Required: à. Cost of production report supported by the schedule of equivalent production. b. T-account for work in process. Exercise 11: Uneven Application of Cost-Succeeding Dept. 5 Department B of Tocino Manufacturing Co. adds materials at the middle of the process. The following data pertain to its December, 19C production: Process Costing-FIFQ: Even and Uneven Application of Cost 23% Quantity data: In process, December 1 Received from Department A In process, December 31 ........ Cost datá: In process, December 1....... Received from Department A. Factory costs, December: 12# Materials Labor ...... Factory overhead rate: 50% of labor cost Required: Cost of production report 10,000 units, 1/5 done 50,000 units 9,000 units, 4/9 done P 21,290 100,000 61,200 31,800 REQUIRED: Exercise 6. a. Cost of production report supported by the schedule of the equivalent production. b. T-account for work in process.

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