Krish Company has a Mixing Department and a Refining Department. Its process- costing system in the Mixing Department has two direct materials cost categories (material AA and material BB) and one conversion cost pool. The company uses first- in-first-out cost flow method. The following data pertain to the Mixing Department for October, 2019. Units Work-in-process, October 1: 50% completed Work-in-process, October 31, 70% completed Units started 30,000 50,000 120,000 100,000 Completed and transferred Costs Work-in-process, October 1 Material AA Material BB Conversion costs 436,000 1,440,000 1,500,000 600,000
Krish Company has a Mixing Department and a Refining Department. Its process- costing system in the Mixing Department has two direct materials cost categories (material AA and material BB) and one conversion cost pool. The company uses first- in-first-out cost flow method. The following data pertain to the Mixing Department for October, 2019. Units Work-in-process, October 1: 50% completed Work-in-process, October 31, 70% completed Units started 30,000 50,000 120,000 100,000 Completed and transferred Costs Work-in-process, October 1 Material AA Material BB Conversion costs 436,000 1,440,000 1,500,000 600,000
Chapter5: Process Costing
Section: Chapter Questions
Problem 5PB: Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units...
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![Krish Company has a Mixing Department and a Refining Department. Its process-
costing system in the Mixing Department has two direct materials cost categories
(material AA and material BB) and one conversion cost pool. The company uses first-
in-first-out cost flow method. The following data pertain to the Mixing Department for
October, 2019.
Units
Work-in-process, October 1: 50% completed
Work-in-process, October 31, 70% completed
Units started
30,000
50,000
120,000
100,000
Completed and transferred
Costs
Work-in-process, October 1
Material AA
Material BB
436,000
1,440,000
1,500,000
600,000
P
Conversion costs](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2e8ce5e-89e7-4dc5-bb56-d759da02dd72%2F21abd1f5-69ae-43cd-abed-cebe72e4b14f%2Foas69g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Krish Company has a Mixing Department and a Refining Department. Its process-
costing system in the Mixing Department has two direct materials cost categories
(material AA and material BB) and one conversion cost pool. The company uses first-
in-first-out cost flow method. The following data pertain to the Mixing Department for
October, 2019.
Units
Work-in-process, October 1: 50% completed
Work-in-process, October 31, 70% completed
Units started
30,000
50,000
120,000
100,000
Completed and transferred
Costs
Work-in-process, October 1
Material AA
Material BB
436,000
1,440,000
1,500,000
600,000
P
Conversion costs
![Material AA is introduced at the start of operations in the Mixing Department, and
Material BB is added when the product is three-fourths completed in the Mixing
Department. Conversion costs are added uniformly during the process.
29 The respective equivalent units for Material AA and Material BB in the Mixing
Department for October 2016, are:
а. Both 100,000 units
b. 150,000 units and 120,000 units
(c.)120,000 units and 100,000 units chehed
d. 120,000 units and 150,000 units
30.The cost of goods completed and transferred out to the Refining Department was:
а. Р3,861,500
P3,201,000 cheulud
č. P2,700,000
d. P3,101,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2e8ce5e-89e7-4dc5-bb56-d759da02dd72%2F21abd1f5-69ae-43cd-abed-cebe72e4b14f%2Fxs7yamb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Material AA is introduced at the start of operations in the Mixing Department, and
Material BB is added when the product is three-fourths completed in the Mixing
Department. Conversion costs are added uniformly during the process.
29 The respective equivalent units for Material AA and Material BB in the Mixing
Department for October 2016, are:
а. Both 100,000 units
b. 150,000 units and 120,000 units
(c.)120,000 units and 100,000 units chehed
d. 120,000 units and 150,000 units
30.The cost of goods completed and transferred out to the Refining Department was:
а. Р3,861,500
P3,201,000 cheulud
č. P2,700,000
d. P3,101,000
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