The Jordan Company operates three producing departments, X, Y and Z. it uses the weighted average costing method. The following data are on the production of Department Y for August, 2018: Units Added in Department X Transfer in Materials Conversion Cost In process, Aug. 1 Received from Dept. X Total 5,000 20,000 9,990 39,010 1,020 21,855 998 21,877 25,000 Transferred out 19,000 Normal loss 1,000 Abnormal loss 500 In process, Aug. 31 4,500 Factory costs are applied evenly throughout the process. Beginning work in process was 20% done while ending work in process is % done. Abnormal loss occurred at the end of the process. What should be the accumulated cost of work in process as of August 31 if the normal loss occurred during the process (with adjustment for the lost units based in the remaining good units?

The Jordan Company operates three producing departments, X, Y and Z. it uses the weighted average costing method. The following data are on the production of Department Y for August, 2018: Units Added in Department X Transfer in Materials Conversion Cost In process, Aug. 1 Received from Dept. X Total 5,000 20,000 9,990 39,010 1,020 21,855 998 21,877 25,000 Transferred out 19,000 Normal loss 1,000 Abnormal loss 500 In process, Aug. 31 4,500 Factory costs are applied evenly throughout the process. Beginning work in process was 20% done while ending work in process is % done. Abnormal loss occurred at the end of the process. What should be the accumulated cost of work in process as of August 31 if the normal loss occurred during the process (with adjustment for the lost units based in the remaining good units?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 22E: Units of production data for the two departments of Atlantic Cable and Wire Company for July of the...

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