Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete 3,000.00 4,000.00 Started in process 33,000.00 Completed and transferred Wip, end 40% to complete 30,000.00 5,000.00 25,000.00 6,000.00

Cornerstones of Cost Management (Cornerstones Series)
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Chapter6: Process Costing
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Problem 30E: Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process...
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Using average costing, compute for the ending balance of work in process that will be included in the statement of financial position if the losses were discovered at the end of process and were considered abnormal.

Malleynila Company manufactures a single product in two process departments. Costs and
production data to the month of November follows:
COSTS
ASSEMBLY FINISHING
Wip, beg (50% materials, 30% labor, 20% overhead)
9,750.00
18,000.00
Materials
64,000.00
Labor
47,250.00
85,800.00
Factory overhead
31,500.00
47,200.00
QUANTITY
Wip, beg 1/2 complete
Started in process
3,000.00
4,000.00
33,000.00
Completed and transferred
Wip, end 40% to complete
30,000.00
25,000.00
5,000.00
6,000.00
Transcribed Image Text:Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete Started in process 3,000.00 4,000.00 33,000.00 Completed and transferred Wip, end 40% to complete 30,000.00 25,000.00 5,000.00 6,000.00
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