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Make total cost of the units still in process at the end

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Reference no: EM132548842

The addition of water at the start of the process in Dept. B of Nicole MFG. Co increased the quantity by 5%. The following data pertain to its production for March 2018

Quantity data:

In process, March 1 (3/4 incomplete) 12,000 units

Transferred in 80,000 units

In process, March 31 (2/5 completed) 10,000 units

Cost data In process, beg. Added during the month

Cost from Dept. A P11,800 P86,120

Cost in Dept. B

Material 3,125 21,835

Labor 1,490 43,510

Overhead 1,320 34,680

  • Materials are added at the start of the process while conversion cost are applied evenly. The Company is using weighted average method.

Requirements:

Question 1. Equivalent production for materials, labor and overhead

Question 2. Total cost of the units completed and transferred

Question 3. Total cost of the units still in process at the end of March

Question 4. Journal entry

Reference no: EM132548842

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