Wilmington Chemical Company manufactures specialty chemical by a series of three processes, all materials being introduced in the Distilling Department, the material pass through the reaction and Filling departments, emerging as finished chemicals.
The balance in the accounts work in process- Filling was as follows on decemver1 |
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work in process-filling dept. |
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(2,500 units 60% complete) |
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Direct material (2,500x13.10) 32,750 |
41225 |
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Conversion (2,500x605x5.65) 8,475 |
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The following cost were charged to work in process- Filling during December |
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Direct Materials transferred from reaction |
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department 42,100 units at 13.000 a unit 547,300 |
547300 |
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direct Labor 143,200 |
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Factory overhead 79,650 |
222850 |
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During December 40,900 units of specialty chem. Were completed. Work in process filling dept. on dec. 31 3,700 units completed' |
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1 Prepare a cost of production report for the filling department for December |
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2 journalize the entries for cost transferred from reactions to filling and cost transferred from filling to finished goods |
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3 determine the increase or decrease in the cost per equivalent units from nov. to dec. for direct material and conversion cost |
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4 disscuss the uses of the cost of production report and the results of part3 |
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