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Phoenix Company makes product for lovers only in two departments: Forming and Scenting. Forming began the month with 500 products for lovers only in process that were 100% complete as to material and 40% complete as to conversion. During the month, 6,500 products only for lovers were started. At month end, Forming had 2,100 products for lovers only that were still in process that were 100% complete as to material and 50% complete as to conversion. Assume Forming uses the weighted average method of process costing. Costs in the Forming Department are as follows: Beginning Work in process costs: Material P1, 000 Conversion 1,500 Current Costs: Material P3, 200 Conversion 5,045 The Scenting Department had 600 products for lovers only in process at the beginning of the month that were 80% complete as to material but 10% incomplete as to conversion. The department had 300 units in ending Work in Process that were 50% complete as to material but 25% incomplete as to conversion. Scenting uses the FIFO Method of process costing, and costs associated with Scenting are: Beginning WIP Inventory: Transferred In 1,170 Material 4,320 Conversion 6, 21o Current Period: Transferred In ? Material P 67,745 Conversion 95,820 What was the cost transferred out of Scenting during the month?

Phoenix Company makes product for lovers only in two departments: Forming and Scenting. Forming began the month with 500 products for lovers only in process that were 100% complete as to material and 40% complete as to conversion. During the month, 6,500 products only for lovers were started. At month end, Forming had 2,100 products for lovers only that were still in process that were 100% complete as to material and 50% complete as to conversion. Assume Forming uses the weighted average method of process costing. Costs in the Forming Department are as follows: Beginning Work in process costs: Material P1, 000 Conversion 1,500 Current Costs: Material P3, 200 Conversion 5,045 The Scenting Department had 600 products for lovers only in process at the beginning of the month that were 80% complete as to material but 10% incomplete as to conversion. The department had 300 units in ending Work in Process that were 50% complete as to material but 25% incomplete as to conversion. Scenting uses the FIFO Method of process costing, and costs associated with Scenting are: Beginning WIP Inventory: Transferred In 1,170 Material 4,320 Conversion 6, 21o Current Period: Transferred In ? Material P 67,745 Conversion 95,820 What was the cost transferred out of Scenting during the month?

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 18E
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Phoenix Company makes product for lovers only in two departments: Forming and Scenting. Forming began the month with 500 products for lovers only in process that were 100% complete as to material and 40% complete as to conversion. During the month, 6,500 products only for lovers were started. At month end, Forming had 2,100 products for lovers only that were still in process that were 100% complete as to material and 50% complete as to conversion. Assume Forming uses the weighted average method of process costing. Costs in the Forming Department are as follows: Beginning Work in process costs: Material P1, 000 Conversion 1,500 Current Costs: Material P3, 200 Conversion 5,045 The Scenting Department had 600 products for lovers only in process at the beginning of the month that were 80% complete as to material but 10% incomplete as to conversion. The department had 300 units in ending Work in Process that were 50% complete as to material but 25% incomplete as to conversion. Scenting uses the FIFO Method of process costing, and costs associated with Scenting are: Beginning WIP Inventory: Transferred In 1,170 Material 4,320 Conversion 6, 210 Current Period: Transferred In ? Material P 67,745 Conversion 95,820 What was the cost transferred out of Scenting during the month?
Transcribed Image Text:Phoenix Company makes product for lovers only in two departments: Forming and Scenting. Forming began the month with 500 products for lovers only in process that were 100% complete as to material and 40% complete as to conversion. During the month, 6,500 products only for lovers were started. At month end, Forming had 2,100 products for lovers only that were still in process that were 100% complete as to material and 50% complete as to conversion. Assume Forming uses the weighted average method of process costing. Costs in the Forming Department are as follows: Beginning Work in process costs: Material P1, 000 Conversion 1,500 Current Costs: Material P3, 200 Conversion 5,045 The Scenting Department had 600 products for lovers only in process at the beginning of the month that were 80% complete as to material but 10% incomplete as to conversion. The department had 300 units in ending Work in Process that were 50% complete as to material but 25% incomplete as to conversion. Scenting uses the FIFO Method of process costing, and costs associated with Scenting are: Beginning WIP Inventory: Transferred In 1,170 Material 4,320 Conversion 6, 210 Current Period: Transferred In ? Material P 67,745 Conversion 95,820 What was the cost transferred out of Scenting during the month?
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