The addition of water at the start of the process in Dept. B of Mcdo Mfg....
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The addition of water at the start of the process in Dept. B of Mcdo Mfg. Co., increases the quantity by 5%. The following data pertain to its production for March: Quantity data: In process, March 1 Transferred in 12,000 units, % done 80,000 units In process, March 31 10,000 units, 2/5 done Cost Data: P 17,735 In process, March 1 Breakdown: Cost from Department A P 11,800 Cost from Department B: Materials- P3,125; Labor-P1,490; FOH - P1,320 Transferred In P86,120 Cost added in September: Materials - P21,835; Labor-P43,510; FOH-P34,680 Materials are added at the start of the process while conversion costs are applied evenly. Using the weighted average method, what should be the accumulated cost of work in process as of March 31? The addition of water at the start of the process in Dept. B of Mcdo Mfg. Co., increases the quantity by 5%. The following data pertain to its production for March: Quantity data: In process, March 1 Transferred in 12,000 units, % done 80,000 units In process, March 31 10,000 units, 2/5 done Cost Data: P 17,735 In process, March 1 Breakdown: Cost from Department A P 11,800 Cost from Department B: Materials- P3,125; Labor-P1,490; FOH - P1,320 Transferred In P86,120 Cost added in September: Materials - P21,835; Labor-P43,510; FOH-P34,680 Materials are added at the start of the process while conversion costs are applied evenly. Using the weighted average method, what should be the accumulated cost of work in process as of March 31?
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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