The following data were taken from the books of MrRon Co. for the month of September...

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The following data were taken from the books of MrRon Co. for the month of September Units Department 1 Department 2 Department 3 Total Started Completed and transferred In process, end Stage of completion Cost Materials Labor Overhead 80,000 75,000 5,000 70% 600,000 353,250 117,750 55,000 20,000 55% 261,300 242,880 73,260 50,000 5,000 90% 52,250 40,330 17,440 913,550 636,460 208,450 1,758,460 Dept 1 Materials are added at the beg of the process Dept 2 Materials are added 20% at the beg of the process, 40% at 50% stage of completion and the remaining is at the end of the process Dept 3 Materials are added 50% at the beg and 50% at the 70% stage of completion Prepare for a statement of Cost of Goods manufactured The following data were taken from the books of MrRon Co. for the month of September Units Department 1 Department 2 Department 3 Total Started Completed and transferred In process, end Stage of completion Cost Materials Labor Overhead 80,000 75,000 5,000 70% 600,000 353,250 117,750 55,000 20,000 55% 261,300 242,880 73,260 50,000 5,000 90% 52,250 40,330 17,440 913,550 636,460 208,450 1,758,460 Dept 1 Materials are added at the beg of the process Dept 2 Materials are added 20% at the beg of the process, 40% at 50% stage of completion and the remaining is at the end of the process Dept 3 Materials are added 50% at the beg and 50% at the 70% stage of completion Prepare for a statement of Cost of Goods manufactured

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To prepare a statement of Cost of Goods Manufactured for MrRon Co for the month of September we need to calculate the total cost incurred in each depa... View the full answer