LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments - Mixing, Refining, and Packaging. On January 31, 2012, the following information is available for the Mixing Department: -0- 40,000 32,000 8,000 Work-in-process, January 1 Units Started in production Units transferred to Refining Department Work-in-process, January 31 Production costs: Raw Material Added Direct Labour Manufacturing Overhead Total cost to account for $48,000 79,350 132,250 259,600 In the Mixing Department, all raw materials are added at the beginning of the production process, and conversion costs are applied evenly through the process. At the end of the month, LDR calculated equivalent units. The ending inventory in the Mixing Department was 60% complete with respect to conversion costs. The cost of the January 31 Work in Process Inventory in the Mixing Department would be: Select one: O a. $37,200 O b. $222,400 O c. $211,600 O d. $48,000

LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments - Mixing, Refining, and Packaging. On January 31, 2012, the following information is available for the Mixing Department: -0- 40,000 32,000 8,000 Work-in-process, January 1 Units Started in production Units transferred to Refining Department Work-in-process, January 31 Production costs: Raw Material Added Direct Labour Manufacturing Overhead Total cost to account for $48,000 79,350 132,250 259,600 In the Mixing Department, all raw materials are added at the beginning of the production process, and conversion costs are applied evenly through the process. At the end of the month, LDR calculated equivalent units. The ending inventory in the Mixing Department was 60% complete with respect to conversion costs. The cost of the January 31 Work in Process Inventory in the Mixing Department would be: Select one: O a. $37,200 O b. $222,400 O c. $211,600 O d. $48,000

Name: LDR Manufacturing produces a pesticide chemical and uses process cost
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Description: LDR Manufacturing produces a pesticide chemical and uses process costing. There are threeprocessing departments - Mixing, Refining, and Packaging.On January 31, 2012, the following information is available for the Mixing Department:-0-40,00032,0008,

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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