a. The cost of completed and transferred out units in Mixing department is? b. The cost of Work in process-End in Mixing Department is?c. The EUP in Finishing Dept is? JYD Company uses two departments to produce a detergent. It uses the weighted average process costing and has just completed the production for the month of April. Relevant data for its two departments follow:Mixing DepartmentFinishing DepartmentQuantityWork in process, beg1,000900Stage of completion50%50%Started in process3,000-0-Transferred to next department3,5003,800Work in process-End500600Stage of completion20%50%Cost dataIn process begCost from preceding deptP1,130MaterialsP8001,800Labor1,2003,200Overhead1,0002,000Current costCost from preceding deptP?MaterialsP2,8005,580Labor4,2005,000Overhead3,3202,100

Equivalent units of products concept came in to existence when some units are not fully completed at…

Answered: a. The cost of completed and…

a. The cost of completed and transferred out units in Mixing department is? b. The cost of Work in process-End in Mixing Department is? c. The EUP in Finishing Dept is?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

100%

a. The cost of completed and transferred out units in Mixing department is?

b. The cost of Work in process-End in Mixing Department is?

c. The EUP in Finishing Dept is?

JYD Company uses two departments to produce a detergent. It uses the weighted average process costing and has just completed the production for the month of April. Relevant data for its two departments follow:
Mixing Department
Finishing Department
Quantity
Work in process, beg
1,000
900
Stage of completion
50%
50%
Started in process
3,000
-0-
Transferred to next department
3,500
3,800
Work in process-End
500
600
Stage of completion
20%
50%
Cost data
In process beg
Cost from preceding dept
P1,130
Materials
P800
1,800
Labor
1,200
3,200
Overhead
1,000
2,000
Current cost
Cost from preceding dept
P?
Materials
P2,800
5,580
Labor
4,200
5,000
Overhead
3,320
2,100

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