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