Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the Milling Department.
Question:
Work in Process—Sifting Department (1,500 units, 75% completed)....$ 3,400
The following costs were charged to Work in Process—Sifting Department during May:
Direct materials transferred from Milling Department: 18,300 units....$ 32,600
Direct labor ......................... 14,560
Factory overhead ...................... 7,490
During May, 18,000 units of flour were completed and transferred to finished goods. Work in Process—Sifting Department on May 31 was 1,800 units, 75% completed.
Instructions
Prepare a cost of production report for the Sifting Department for May, using the average cost method.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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