Compute for the cost of goods manufactured. The Matis Mnaufacturing Company manufactures as single product. In two producing departments. For the month of April, the cost and production data were as follows; Mixing Finishing Quantity Data: WIP, beg 5,000 6,000 Stage of Completion Materials 100% -0- Conversion Cost 50% 60% Started in Process 10,000 Transferred to the next Dep't 10,000 11,000 WIP, end 5,000 5,000 Stage of Completion Materials 80% -0- Conversion Cost 40% 50% Cost data: Cost in WIP, beg Cost from preceding Dep't - P63,000 Materials P42,000 - Direct labor 35,000 62,500 Factory Overhead 20,500 45,000 Cost added this month Materials 90,000 - Direct labor 52,000 140,000 Factory Overhead 37,500 90,000
Compute for the cost of goods manufactured.
The Matis Mnaufacturing Company manufactures as single product. In two producing departments. For the month of April, the cost and production data were as follows;
Mixing Finishing
Quantity Data:
WIP, beg 5,000 6,000
Stage of Completion
Materials 100% -0-
Conversion Cost 50% 60%
Started in Process 10,000
Transferred to the next Dep't 10,000 11,000
WIP, end 5,000 5,000
Stage of Completion
Materials 80% -0-
Conversion Cost 40% 50%
Cost data:
Cost in WIP, beg
Cost from preceding Dep't - P63,000
Materials P42,000 -
Direct labor 35,000 62,500
Factory Overhead 20,500 45,000
Cost added this month
Materials 90,000 -
Direct labor 52,000 140,000
Factory Overhead 37,500 90,000
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