Units gained; cost of production summaries
Logan Chemicals Inc., which uses the process cost system, has two departments: A and B. In both departments, all of the materials are put into production at the beginning of the process. The materials added in Department B increase the number of units being processed by 25%. Labor and factory overhead are incurred uniformly throughout the process in all departments.
A record of the factory operations for Many follows:
| Cost Summary. | Dept. A | Dept. B |
| Materials | 25000 | 7500 |
| Labor | 10800 | 10140 |
| Factory overhead | 8100 | 7215 |
Production summary
| Started in process | 10000 | |
| Received from prior department | 8500 | |
| Added to units in process | 1500 | |
| Finished and transferred | 8500 | 9500 |
| Units in process, end of month | 1500 | 500 |
| Stage of completion | 1/3 | ½ |
Required:
Prepare a cost of production summary for each department for the month of May.
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