Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of 10%. The following data were obtained for the month of October, 2019: Units: In process, October 1 (2/5 completed) 9,600 gallons Received from Department A 30.000 gallons Finished and transferred 25,200 gallons In process, October 31 (1/4 complete) 11.700 gallons Costs: In process beginning P5,760 Received from Department A 30.000 Current costs Materials 19,440 Labor 7.290 Overhead 2.430 Under Weighted Average Method, what was the cost of the Work in Process at the end?
Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of 10%. The following data were obtained for the month of October, 2019: Units: In process, October 1 (2/5 completed) 9,600 gallons Received from Department A 30.000 gallons Finished and transferred 25,200 gallons In process, October 31 (1/4 complete) 11.700 gallons Costs: In process beginning P5,760 Received from Department A 30.000 Current costs Materials 19,440 Labor 7.290 Overhead 2.430 Under Weighted Average Method, what was the cost of the Work in Process at the end?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of 10%. The following data were obtained
for the month of October, 2019:
Units:
In process, October 1 (2/5 completed)
9,600 gallons
Received from Department A
30.000 gallons
Finished and transferred
25,200 gallons
In process. October 31 (1/4 complete)
11,700 gallons
Costs:
In process beginning
P5,760
Received from Department A
30,000
Current costs
Materials
19,440
Labor
7,290
Overhead
2,430
Under Weighted Average Method, what was the cost of the Work in Process at the end?
Transcribed Image Text:Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evaporation loss of 10%. The following data were obtained
for the month of October, 2019:
Units:
In process, October 1 (2/5 completed)
9,600 gallons
Received from Department A
30,000 gallons
Finished and transferred
25.200 gallons
In process, October 31 (1/4 complete)
11.700 gallons
Costs:
In process beginning
P5,760
Received from Department A
30,000
Current costs
Materials
19,440
Labor
7,290
Overhead
2,430
Under Weighted Average Method, how much was the cost of the Finished and Transferred out units?
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