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Find the cost per kilo of each product

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Reference no: EM132734845

Kristal Industries received an invoice for Zing, Manganese, and Copper. The invoice showed the following cost per item:

Product              Total Cost                 Total Weight

Zinc                      P 16 875                  1350 kilos

Manganese                P 20 250             1800 kilos

Copper                        P 23 625             2250 kilos

The total transportation costs for the above items amounted to P 2 430.

Required:

Question 1: The cost per kilo of each product, if transportation cost is allocated to materials based on cost.

Question 2: The unit cost of each product, if transportation cost is allocated to materials based on weight.

Question 3: If transportation cost is treated as an overhead, determine the cost per kilo of each product.

Question 4: Journal entries to record purchases and transportation cost incurred using the:

a. Direct charging method

b. Indirect charging method

Reference no: EM132734845

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