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Discussion Question J&G Manufacturing makes a single product by way of three separate processes. Details of production for the month ending June 30 were as follows: Process Process 2 Process 1 Process 3 Input material: Material added 16,250 kg $390,000 $36,750 $92,200 Direct Labour cost $112,800 $57,300 $61,000 Manufacturing Overhead $63,000 $97,080 Normal losses 8% 6% 6% 12,000 kg Output Scrap value of losses 13,750 kg 13,250 kg $16.00/kg $32.00/kg The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process. Required: i) ii) The process account for each process: and The abnormal loss/gain account(s) showing J & G Manufacturing true loss/gain.

Discussion Question J&G Manufacturing makes a single product by way of three separate processes. Details of production for the month ending June 30 were as follows: Process Process 2 Process 1 Process 3 Input material: Material added 16,250 kg $390,000 $36,750 $92,200 Direct Labour cost $112,800 $57,300 $61,000 Manufacturing Overhead $63,000 $97,080 Normal losses 8% 6% 6% 12,000 kg Output Scrap value of losses 13,750 kg 13,250 kg $16.00/kg $32.00/kg The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process. Required: i) ii) The process account for each process: and The abnormal loss/gain account(s) showing J & G Manufacturing true loss/gain.

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 6E: The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000...
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PROCESS COSTING I Discussion Question J&G Manufacturing makes a single product by way of three separate processes. Details of production for the month ending June 30 were as follows: Process Process 1 Process 2 Process 3 Input material: Material added 16,250 kg $390,000 $36,750 $92,200 $63,000 $112,800 $97,080 Direct Labour cost $57,300 $61,000 Manufacturing Overhead Normal losses 8% 6% 6% 13,750 kg 13,250 kg 12,000 kg Output Scrap value of losses $16.00/kg $32.00/kg The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process. Required: i) ii) The process account for each process: and The abnormal loss/gain account(s) showing J & G Manufacturing true loss/gain.
Transcribed Image Text:PROCESS COSTING I Discussion Question J&G Manufacturing makes a single product by way of three separate processes. Details of production for the month ending June 30 were as follows: Process Process 1 Process 2 Process 3 Input material: Material added 16,250 kg $390,000 $36,750 $92,200 $63,000 $112,800 $97,080 Direct Labour cost $57,300 $61,000 Manufacturing Overhead Normal losses 8% 6% 6% 13,750 kg 13,250 kg 12,000 kg Output Scrap value of losses $16.00/kg $32.00/kg The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process. Required: i) ii) The process account for each process: and The abnormal loss/gain account(s) showing J & G Manufacturing true loss/gain.
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