2. Use the aerage cost method with the following data: Work in process, January 1, 5,100 units, 70% completed Materials added during January from Weaving Department, 96,400 units $48, 195 884,952 Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1). 94.400 units Work in process, January 31, 7,100 units, 10% completed 218,277 132,561 - - Step 1: Units to be accounted for in Production Whole Units Beginning Work in Process Inventory + Units Started during the Period = Total Units to Account for
2. Use the aerage cost method with the following data: Work in process, January 1, 5,100 units, 70% completed Materials added during January from Weaving Department, 96,400 units $48, 195 884,952 Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1). 94.400 units Work in process, January 31, 7,100 units, 10% completed 218,277 132,561 - - Step 1: Units to be accounted for in Production Whole Units Beginning Work in Process Inventory + Units Started during the Period = Total Units to Account for
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...
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