What is the total costs of work in process at December 31, 2021 in Department C?P40,932.58P46,035.41P42,352.58P22,097.00 RC Company produces a product that undergoes three processes and thecompleted items at end of process 3 are the items to be sold to customers...For December 2021, RC Company presented the following costs on threeprocesses:Costs incurred:Process AProcess BProcess C100,000.0092,400.0073,920.0040% at beginning,Materials149,40098,80079,04080% at the122,25096,80077,44050% at beginning,Direct LaborOverheadMaterials areadded at:beginning,remaining 20% at50% complete.50% at 80%30% at 50%completecomplete, andremaining 30% at80% complete.Started/Transferred 50,000 unitsInCompleted andtransferred out49,000 units47,500 units45,000 unitsIn Process, end1,000 units 40%1,000 units 70%1,500 units 60%completecomplete, 500 unitsat 40% complete.complete; 1,000units 30% complete

The concept of costs of work in process refers to the entire costs incurred by partially finished…

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What is the total costs of work in process at December 31, 2021 in Department C? P40,932.58 P46,035.41 P42,352.58 P22,097.00

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 18E: For E2-17, prepare any journal entries that would have been different if the only trigger points had...

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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

What is the total costs of work in process at December 31, 2021 in Department C? P40,932.58 P46,035.41 P42,352.58 P22,097.00

RC Company produces a product that undergoes three processes and the
completed items at end of process 3 are the items to be sold to customers...
For December 2021, RC Company presented the following costs on three
processes:
Costs incurred:
Process A
Process B
Process C
100,000.00
92,400.00
73,920.00
40% at beginning,
Materials
149,400
98,800
79,040
80% at the
122,250
96,800
77,440
50% at beginning,
Direct Labor
Overhead
Materials are
added at:
beginning,
remaining 20% at
50% complete.
50% at 80%
30% at 50%
complete
complete, and
remaining 30% at
80% complete.
Started/Transferred 50,000 units
In
Completed and
transferred out
49,000 units
47,500 units
45,000 units
In Process, end
1,000 units 40%
1,000 units 70%
1,500 units 60%
complete
complete, 500 units
at 40% complete.
complete; 1,000
units 30% complete

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