cost of production summary three departments change in unit cost from prior departme 492421
Cost of production summary, three departments, change in unit cost from prior department, departmental cost work sheet, journal entries, manufacturing statement
Don't use plagiarized sources. Get Your Custom Essay on
cost of production summary three departments change in unit cost from prior departme 492421
For $10/Page 0nly
Taguchi manufacturing Co. uses the process cost system. The following information for the month of December was obtained from the company’s books and from the production reports submitted by the department heads:
|
Production Report |
Mixing |
Blending |
Bottling |
|
Units in Process, beginning of period |
2500 |
1500 |
3000 |
|
Started in process during month |
12500 |
– |
– |
|
Received from prior department |
– |
13000 |
10000 |
|
Finished and transferred |
13000 |
10000 |
11000 |
|
Finished and on hand |
– |
500 |
– |
|
Units in Process, end of period |
2000 |
4000 |
2000 |
|
Stage of completion |
1/4 |
4/5 |
½ |
Production Costs
Works in process, beginning of period
Works in process, beginning of period
|
Cost in Mixing |
3075 |
6150 |
|
|
Materials |
1470 |
||
|
Labor |
650 |
||
|
Factory Overhead |
565 |
||
|
Cost in Blending |
3660 |
||
|
Materials |
240 |
||
|
Labor |
905 |
||
|
Factory Oberhead |
750 |
||
|
Cost in Bottling |
|||
|
Materials |
900 |
||
|
Labor |
3100 |
||
|
Factory Overhead |
3080 |
|
Costs incurred during the month |
|||
|
Materials |
15000 |
2500 |
1500 |
|
Labor |
4750 |
8000 |
6500 |
|
Factory Overhead |
5240 |
6100 |
7000 |
|
Total |
27675 |
21570 |
31890 |
Required:
1. Prepare cost of production summaries for the Mixing, Blending, and Bottling departments
2. Prepare a departmental cost work sheet
3. Draft the journal entries required to record the month’s operations
4. Prepare a statement of cost of goods manufactures for December.
Calculator
Our features
We've got everything to become your favourite writing service
Money back guarantee
Your money is safe. Even if we fail to satisfy your expectations, you can always request a refund and get your money back.
Confidentiality
We don’t share your private information with anyone. What happens on our website stays on our website.
Our service is legit
We provide you with a sample paper on the topic you need, and this kind of academic assistance is perfectly legitimate.
Get a plagiarism-free paper
We check every paper with our plagiarism-detection software, so you get a unique paper written for your particular purposes.
We can help with urgent tasks
Need a paper tomorrow? We can write it even while you’re sleeping. Place an order now and get your paper in 8 hours.
Pay a fair price
Our prices depend on urgency. If you want a cheap essay, place your order in advance. Our prices start from $11 per page.