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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?
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