Solution-Create a cost of production report for each

Create a cost of production report for each department

Assignment Help Cost Accounting

Reference no: EM132562197

The department production report of Peninsula Company for August is summarized below:

Assembly Finishing Department Department

Quantity:

Started in Production- Current Month 2,000 -0-

Transferred in from prior department - 0- 1860

Transferred out to Next Department 1860 -0-

Transferred out to finished goods -0- 1800

State of Completion of Ending WIP

Materials Complete 40%

Labor 70% 40%

Overhead 75% 40%

Cost allocated to department are presented below:

Materials Labor Overhead

Assembly Department P30,000 P29,670 P18,830

Finishing Department P68,000 P13,671 P7,825

Required:

Question 1: Create a cost of production report for each department. Round total costs to the nearest peso. Use WAM

Reference no: EM132562197

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Create a cost of production report for each department

Reference no: EM132562197

Reference no: EM132562197

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