Manufacturing company data are as follows: In process January 2021 (1/3 incomplete) Beg. 9,000 units Started in
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Question:
Manufacturing company data are as follows:
In process January 2021 (1/3 incomplete) Beg. 9,000 units
Started in process 10,000 units
Finished and on hand 5,000 units
Finished and transferred to next department 15,000 units
In process (January 31 (2/3 incomplete) ?
The cost data for the month showed
Materials 15,000
Labor 15,200
Overhead 15,400
The cost received from D1 totaled 30,000 and the cost last month on the 9,000 units amounts to 12,500.
Compute the following using FIFO method:
- Units to be accounted
- The equivalent units
- Unit cost from the preceding department
- Unit cost of department B
- Total cost of in proves beginning
- Total cost of started in process in process
- Total cost of finished and transferred
- Total cost in process at the end
- The total cost as accounted
- Unit cost of transfer to the next department
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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