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Shankar Manufacturing Company produces a product that is manufactured in two departments. Data related to February operations in the first department are: Costs to the Dept Beg Invty Added this period Materials P2,940 P46,530 Direct labor 390 18,860 Factory overhead 585 27,150 At the end of January, there were 100 units in process which were 60% complete. During the current month, 850 units were transferred to the next department. At the end of the month, there were 150 units still in process with 50% completion. Prepare a cost of production report for month using

Shankar Manufacturing Company produces a product that is manufactured in two departments. Data related to February operations in the first department are: Costs to the Dept Beg Invty Added this period Materials P2,940 P46,530 Direct labor 390 18,860 Factory overhead 585 27,150 At the end of January, there were 100 units in process which were 60% complete. During the current month, 850 units were transferred to the next department. At the end of the month, there were 150 units still in process with 50% completion. Prepare a cost of production report for month using

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 12P: Petrini Products Co. has two departments: Mixing and Cooking. At the beginning of the month, Cooking...
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Shankar Manufacturing Company produces a product that is manufactured in two
departments. Data related to February operations in the first department are:
Costs to the Dept Beg Invty Added this period
Materials P2,940 P46,530
Direct labor 390 18,860
Factory overhead 585 27,150
At the end of January, there were 100 units in process which were 60% complete. During the current
month, 850 units were transferred to the next department. At the end of the month, there were 150
units still in process with 50% completion. Prepare a cost of production report for month using

[A] FIFO;
[B] Average

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