Krish Company has a Mixing Department and a Refining Department. Its process- costing system in the Mixing Department has two direct materials cost categories (material AA and material BB) and one conversion cost pool. The company uses first- in-first-out cost flow method. The following data pertain to the Mixing Department for October, 2019. Units Work-in-process, October 1: 50% completed Work-in-process, October 31, 70% completed Units started 30,000 50,000 120,000 100,000 Completed and transferred Costs Work-in-process, October 1 Material AA Material BB Conversion costs 436,000 1,440,000 1,500,000 600,000
Krish Company has a Mixing Department and a Refining Department. Its process- costing system in the Mixing Department has two direct materials cost categories (material AA and material BB) and one conversion cost pool. The company uses first- in-first-out cost flow method. The following data pertain to the Mixing Department for October, 2019. Units Work-in-process, October 1: 50% completed Work-in-process, October 31, 70% completed Units started 30,000 50,000 120,000 100,000 Completed and transferred Costs Work-in-process, October 1 Material AA Material BB Conversion costs 436,000 1,440,000 1,500,000 600,000
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 5PB: Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the...
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