Labor..... $15,200 $23,000 Factory overhead.... . $11,400 $19,800 Finished and transferred to Blending Dept...... 3,600 3,200 Work in process, end of month.... 400 600 Stage of completion.... 3/4 1/4 Im All materials are added at the start of the process. Labor and factory overhead are added evenly throughout the process. A VitalSource Bookshelf: Principles x Mi + > C A A bookshelf.vitalsource.com/#/books/9781305480520/cfi/377!/4/4@0.00:0.00 Paused E Apps MAP Testing - NWEA myCCSD O CCSD Libraries Imported From IE Other bookmarks IM 356 Principles of Cost Accounting No units were in process at the beginning of January. Goods fin- ished in Mixing are transferred to Blending for further processing. Required: 1. From an analysis of this information, prepare a cost of produc- tion summary for each month, using the weighted average cost method. (Round unit costs to three decimal places.) 2. Make the journal entries for each month to record the cost of materials, labor, and factory overhead used in production and the transfer of finished units from Mixing to Blending. (Hint See Chapter 5 to review.) P6-2 Cost of production summaries, one department, two months; journal entries

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Apps MAP Testing - NWEA
myCCSD CCSD Libraries
Imported From IE
Cost of production summaries, one department, two months;
journal entries
Manufacturing data for January and February in the Mixing
Department of Klinger Kleaning Products follow:
P6-1
L01
January
February
Materials used.
$20,000
528,400
Labor.
$15,200
$23,000
Factory overhead..
$11,400
$19,800
Finished and transferred to Blending Dept.
3,600
3,200
Work in process, end of month..
400
600
Stage of completion....
3/4
1/4
All materials are added at the start of the process. Labor and
factory overhead are added evenly throughout the process.
Ima
VitalSource Bookshelf: Principle X.
Mi
A bookshelf.vitalsource.com/3/books/9781305480520/cfi/377!/4/4@0.00:0.00
Paused
Apps MAP Testing - NWEA
N myCCSD CCSD Libraries
Imported From IE
Other bookmarks
356
Principles of Cost Accounting
డ
No units were in process at the beginning of January, Goods fin-
ished in Mixing are transferred to Blending for further processing.
Required.
1. From an analysis of this information, prepare a cost of produc-
tion summary for each month, using the weighted average:
cost methocd. (Round unit costs to three decimal places.)
2. Make the journal entries for each month to record the cost of
materials, labor, and factory overhead used in production and
the transfer of finished units from Mixing to Blonding. (Hint
See Chapter5 to review.)
P
P6-2
Cost of productionsummaries one departmenbwo.montns,
journal entries
Manufacturing data for June and July in the Blending Denartment
LO1
! C
Transcribed Image Text:Apps MAP Testing - NWEA myCCSD CCSD Libraries Imported From IE Cost of production summaries, one department, two months; journal entries Manufacturing data for January and February in the Mixing Department of Klinger Kleaning Products follow: P6-1 L01 January February Materials used. $20,000 528,400 Labor. $15,200 $23,000 Factory overhead.. $11,400 $19,800 Finished and transferred to Blending Dept. 3,600 3,200 Work in process, end of month.. 400 600 Stage of completion.... 3/4 1/4 All materials are added at the start of the process. Labor and factory overhead are added evenly throughout the process. Ima VitalSource Bookshelf: Principle X. Mi A bookshelf.vitalsource.com/3/books/9781305480520/cfi/377!/4/4@0.00:0.00 Paused Apps MAP Testing - NWEA N myCCSD CCSD Libraries Imported From IE Other bookmarks 356 Principles of Cost Accounting డ No units were in process at the beginning of January, Goods fin- ished in Mixing are transferred to Blending for further processing. Required. 1. From an analysis of this information, prepare a cost of produc- tion summary for each month, using the weighted average: cost methocd. (Round unit costs to three decimal places.) 2. Make the journal entries for each month to record the cost of materials, labor, and factory overhead used in production and the transfer of finished units from Mixing to Blonding. (Hint See Chapter5 to review.) P P6-2 Cost of productionsummaries one departmenbwo.montns, journal entries Manufacturing data for June and July in the Blending Denartment LO1 ! C
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