La Suerte Mfg.Co. has two producing departments namely, X and Y. After the goods are processed...

 

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La Suerte Mfg.Co. has two producing departments namely, X and Y. After the goods are processed in Department X, they are transferred to Department Y for further processing. In Dept. Y, costs are applied evenly throughout the process. The following data are given on Department Y's production for August, 19H: In process, August 1... Received from Dept. X. Factory costs, August: Materials. **************** Labor Factory overhead In process, August 31 ... 8,000 units, 1/4 done - V 6,000 units, 1/4 done................ .35,000 units @ P3 ***** ***.…………….. P19,710 20,770 8,375 1,675. Required: a. Cost of production report for Department Y b. T-account for Work in Process - Department Y c. Journal entries La Suerte Mfg.Co. has two producing departments namely, X and Y. After the goods are processed in Department X, they are transferred to Department Y for further processing. In Dept. Y, costs are applied evenly throughout the process. The following data are given on Department Y's production for August, 19H: In process, August 1... Received from Dept. X. Factory costs, August: Materials. **************** Labor Factory overhead In process, August 31 ... 8,000 units, 1/4 done - V 6,000 units, 1/4 done................ .35,000 units @ P3 ***** ***.…………….. P19,710 20,770 8,375 1,675. Required: a. Cost of production report for Department Y b. T-account for Work in Process - Department Y c. Journal entries

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