Samsumg, Co.'s chip assembly department has 3 0 0 units of partially processed products, each of which
Question:
Samsumg, Co.'s chip assembly department has units of
partially processed products, each of which is finished in al
September. During October of the sameO this department placed otras
units in productionn termin units and transferred them to the next
production departmentn At the end of October, units of product
partially made in were recorded in the inventory of the ending balance of
work in progress. Samsumg introduces all its direct materials when the
production processn is finished in The costs of direct labor and
indirect costs that is, conversionn are added constantly
during the process.
A continuaicA summary of production costs is presentedn what is
invested during October:
Direct materials Conversion costsn
Initial work in process $
Current costs $
Total costs $ $
Is required:
Calculate each of the following amounts using process costing
through the weighted average cost.
a The equivalent units of direct materials and cost of
convertedn
b Unit costs of direct materials and conversion costsn
c The cost of artasses finished and transferred out during the
period.
d The inventory cost of the period's ending work-in-process balance.
Prepare a production cost reportn for October using the mall of
weighted average cost.
Repeat what is required in the subsection using the mall PEPS
Repeat what is required in the subsection using the mall PEPS.
Cost flow and cost sheet exercise costing system orders of
job.
Book, S A is dedicated to manufacturingn of pets. Havea al last March
following orders in productionn:
No Order MAD Cost MOD Cost CIF Applied
$ $ $
$ $ $
The order No consists of a request for Cuadernos Dominicanos, S A por docenas
of pets leaves and habthe past has begun May. The order No consiste
in a Librer requesta Marlin, C por A por dozens of pets leaves and
methodhas started the de mayo.
During the month of April the following transactions were carried out:
Compr a crI deliver direct materials for $ y $ indirect.
He took to producen through the requirementsNo. of materials No the following:
Order MAD MAI
$ $
$ $
Upon completion of productionn of the requisitionn previous, they were returned to the warehousen of the
order No the following: MAD $ and MAY $ It's preparation to devolucin the almacn
#
La nmine of the week ascended a $ distributed as follows:
Order AGAINST MOI
Of this numbermine was retained a for family health insurance SFS y for insurance
old age, disability and survival AFP
The company assigns indirect manufacturing costsn based on a of the cost of the
paid direct labor.
There's a deadline the order No y se transfiri al almacn of finished products.
That country the order No with a profit margin of one about the cost of
the same.
Required:
Determine what is requested belown:
Journal entries for the month's transactions.
Cost sheet for production ordern # Estimate overhead costs administrative and sales in a sales price.
Expert Answer:
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
