Kelley Inc., manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for October follows: Work in process, October 1: Units (55% complete) 6,000 $35,000 $42,000 $12,000 Direct materials Direct labor Overhead During October, 32,000 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October: $120,000 $160,000 $50,000 Direct materials Direct labor Overhead

Kelley Inc., manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for October follows: Work in process, October 1: Units (55% complete) 6,000 $35,000 $42,000 $12,000 Direct materials Direct labor Overhead During October, 32,000 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October: $120,000 $160,000 $50,000 Direct materials Direct labor Overhead

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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Question

Kelley's total costs to account for would be

$264,000.

$304,000.

$419,000.

$155,000.

Kelley Inc., manufactures a product that passes through two processes: mixing
and molding. All manufacturing costs are added uniformly in the mixing
department.
Information for the mixing department for October follows:
Work in process, October 1:
Units (55% complete)
6,000
$35,000
$42,000
$12,000
Direct materials
Direct labor
Overhead
During October, 32,000 units were completed and transferred to the molding
department. The following costs were incurred by the mixing department during
October:
$120,000
$160,000
$50,000
Direct materials
Direct labor
Overhead

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