Solution-Find unit cost of each item if transportation is

Find unit cost of each item if transportation is allocated

Assignment Help Cost Accounting

Reference no: EM132734842

Mug Company received the following materials on a recent order:

Item Unit cost Weight per unit No. of units received

Flexsteel #9 P 360 4 kilos 200 units

Flatsteel #6 P 80 3 kilos 150 units

Bolts #35 P 100 1 kilo 800 units

Invoice includes transportation charges of P 11 480

Required:

Question 1: The unit cost of each item, if transportation is allocated to materials based on cost.

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

Question 3: Journal entries to record purchases and transportation cost incurred using the

a. Direct charging method

b. Indirect charging method

Reference no: EM132734842

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Find unit cost of each item if transportation is allocated

Reference no: EM132734842

Reference no: EM132734842

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