A company's Department 2 costs for June were: Cost from Department L Cost added in Department...
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A company's Department 2 costs for June were: Cost from Department L Cost added in Department 2: Materials Labor Factory overhead (FOH) $16,320 43,415 56,100 58,575 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion cost. Required: Prepare Cost of production report. A company's Department 2 costs for June were: Cost from Department L Cost added in Department 2: Materials Labor Factory overhead (FOH) $16,320 43,415 56,100 58,575 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion cost. Required: Prepare Cost of production report.
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Department 2 Cost of Production Report For the Month of June Quantity Schedule Units receiv... View the full answer
Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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