Exercise 6-9 UNEVEN APPLICATION – MULTIPLE DEPTS The Matis Manufacturing Company uses average costing and manufactures a single product in two producing departments. For the month of April, the cost and production data were as follows: Mixing Finishing Quantity Data: WIP, beg 5,000 6,000 Stage of Completion Materials 100% -0- Conversion Cost 50% 60% Started in Process 10,000 Transferred to the next Dep’t. 10,000 11,000 WIP, end 5,000 5,000 Stage of Completion Materials 80% -0- Conversion Cost 40% 50% Cost data: Cost in WIP, beg Costs from preceding Dep’t - P63,000 Materials P42,000 - Direct labor 35,000 62,500 Factory Overhead 20,500 45,000 Costs added this month Materials 90,000 - Direct labor 52,000 140,000 Factory Overhead 37,500 90,000 Prepare a cost of production report for both departments for the month of April.

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Chapter1: Financial Statements And Business Decisions
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Exercise 6-9 UNEVEN APPLICATION – MULTIPLE DEPTS

The Matis Manufacturing Company uses average costing and manufactures a single product in two

producing departments. For the month of April, the cost and production data were as follows:

Mixing Finishing

Quantity Data:

WIP, beg                                         5,000                   6,000

Stage of Completion

Materials                                       100%                      -0-

Conversion Cost                            50%                       60%

Started in Process                        10,000

Transferred to the next Dep’t.  10,000                   11,000

WIP, end                                         5,000                      5,000

Stage of Completion

Materials                                          80%                         -0-

Conversion Cost                             40%                        50%

Cost data:

Cost in WIP, beg

Costs from preceding Dep’t            -                        P63,000

Materials                                         P42,000                      -

Direct labor                                      35,000                62,500

Factory Overhead                           20,500                45,000

Costs added this month

Materials                                          90,000                       -

Direct labor                                     52,000                140,000

Factory Overhead                          37,500                  90,000

Prepare a cost of production report for both departments for the month of April.

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