Solution-Prepare cost of production report for mixing

Prepare cost of production report for mixing department

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Reference no: EM132793567

Question - Lord Manufacturing Company uses process cost system to accumulate cost of a single product that passes through two departments; Mixing and Blending. The following cost and production data for the month of March 2000 are shown below:

Units:

Mixing department

In process, March 1 40,000

Stage of completion 2/5

Started in process 160,000

In process, March 31 50,000

Stage of completion 1/5

Costs:

In process. March 1

Materials P169,000

Labor 70,400

Overhead 74,800

Cost added this month

Materials P331,000

Labor 281,600

Overhead 293,200

Required - Prepare Cost of Production Report for Mixing department under weighted average method?

Reference no: EM132793567

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Prepare cost of production report for mixing department

Reference no: EM132793567

Reference no: EM132793567

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