Solution-Prepare cost of production report for march using

Prepare cost of production report for march using fifo

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Reference no: EM132796310

The following information is available for Hocking Company for March 20X8. All materials are added at the start of production.

Beginning Work in Process: (80% complete) 8,000 units

Started 35,000 units

Normal spoilage (continuous) 6,000 units

Abnormal spoilage 2,500 units

Ending Work in Process: (55% complete) 15,000 units

Transferred out 19,500 units

Beginning Work in Process Costs:

Material P 14,000

Conversion 45,000

Current Costs:

Material 50,000

Conversion 175,000

Total Costs P 284,000

Required:

Problem 1: Prepare cost of production report for March using FIFO.

Reference no: EM132796310

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Prepare cost of production report for march using fifo

Reference no: EM132796310

Reference no: EM132796310

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