Information relating to goods in process in Frame Department of Sohram Cycyle Manufacturing Co. during the...
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Information relating to goods in process in Frame Department of Sohram Cycyle Manufacturing Co. during the month of September 1993 are as under: Beginning inventory in process Rs. 45,400 Raw Material used 74,400 Direct Labour used 90,000 Applied factory overhead (90% of direct labour cost) 81,000 Production report for September 1993: Units in process September 1* (100% complete as to material, 50% complete as to conversion costs) 10,000 Required: (a) Determine (i) Equivalent Production in units. (ii) Cost of one unit (iii) Cost of units transferred to painting department (iv) The value of units in process on September 30, 1993 (b) Give journal entries to record to cost allocated to production and the cost of units completed during September 1993. Information relating to goods in process in Frame Department of Sohram Cycyle Manufacturing Co. during the month of September 1993 are as under: Beginning inventory in process Rs. 45,400 Raw Material used 74,400 Direct Labour used 90,000 Applied factory overhead (90% of direct labour cost) 81,000 Production report for September 1993: Units in process September 1* (100% complete as to material, 50% complete as to conversion costs) 10,000 Required: (a) Determine (i) Equivalent Production in units. (ii) Cost of one unit (iii) Cost of units transferred to painting department (iv) The value of units in process on September 30, 1993 (b) Give journal entries to record to cost allocated to production and the cost of units completed during September 1993.
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Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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