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 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 P1.130 Cost from preceding dept P800 1,800 Materials 1.200 3,200 Labor 1,000 2,000 Overhead Current cost P? Cost from preceding dept P2,800 5,580 Materials 4.200 5,000 Labor
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 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 P1.130 Cost from preceding dept P800 1,800 Materials 1.200 3,200 Labor 1,000 2,000 Overhead Current cost P? Cost from preceding dept P2,800 5,580 Materials 4.200 5,000 Labor
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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a.) The cost of Work in process End in Finishing Dept. is?
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