Problem 12-4- Continued: Ending WIP Beginning WIP 100% Stage of Completion: Transferred In Direct materials Direct labor Overhead 80% 40% 30% 100% 70% 50% 40% Cost Data Beginning WIP Current period Transferred In Direct material Direct labor Overhead P132,000 49,920 13,440 7,160 P640,000 323,200 171,200 86,400 Required: Compute the equivalent unit of production for direct materials, di- rect labor and overhead. e. Prepare a cost of production report for the Curing Department for May 2018 using the FIFO method of process costing
Problem 12-4- Continued: Ending WIP Beginning WIP 100% Stage of Completion: Transferred In Direct materials Direct labor Overhead 80% 40% 30% 100% 70% 50% 40% Cost Data Beginning WIP Current period Transferred In Direct material Direct labor Overhead P132,000 49,920 13,440 7,160 P640,000 323,200 171,200 86,400 Required: Compute the equivalent unit of production for direct materials, di- rect labor and overhead. e. Prepare a cost of production report for the Curing Department for May 2018 using the FIFO method of process costing
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 30E: Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process...
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