Lenlen Corporation produces a product through a continuous process in twodepartments. Materials in this department are added at the beginning of the process.The production and cost data were taken from Department B during September, 2012.Production data:Received from Department ACompleted and transferredIn process, end (50% complete)Lost80,000 units60,000 units10,000 units10,000 unitsCost data:Received from Department AMaterialsLaborOverheadCost of production report under the following assumptions:560,000175,000121,875243,750Required:a. Lost units - normal, discovered at the beginningb. Lost units - normal, discovered at the endc. Lost units - abnormal, discovered when 60% completedd. Lost units - abnormal, discovered at the end. The estimated value of thespoiled units P 12.00 each.

Name: Lenlen Corporation produces a product through a continuous process in
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Description: Lenlen Corporation produces a product through a continuous process in twodepartments. Materials in this department are added at the beginning of the process.The production and cost data were taken from Department B during September, 2012.Production

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Lenlen Corporation produces a product through a continuous process in two departments. Materials in this department are added at the beginning of the process. The production and cost data were taken from Department B during September, 2012. Production data: Received from Department A Completed and transferred In process, end (50% complete) Lost Cost data: Received from Department A Materials Labor Overhead Cost of production report under the following assumptions: 80,000 units 60,000 units 10,000 units 10,000 units 560,000 175,000 121,875 243,750 Required: a. Lost units - normal, discovered at the beginning

Lenlen Corporation produces a product through a continuous process in two departments. Materials in this department are added at the beginning of the process. The production and cost data were taken from Department B during September, 2012. Production data: Received from Department A Completed and transferred In process, end (50% complete) Lost Cost data: Received from Department A Materials Labor Overhead Cost of production report under the following assumptions: 80,000 units 60,000 units 10,000 units 10,000 units 560,000 175,000 121,875 243,750 Required: a. Lost units - normal, discovered at the beginning

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 11E

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