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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question
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
Transcribed Image Text: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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education