Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete Started in process 3,000.00 4,000.00 33,000.00 30,000.00 5,000.00 Completed and transferred 25,000.00 Wip, end 40% to complete 6,000.00
Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete Started in process 3,000.00 4,000.00 33,000.00 30,000.00 5,000.00 Completed and transferred 25,000.00 Wip, end 40% to complete 6,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Using FIFO, compute for the total cost transferred to finished goods if the losses were discovered at the end of process and were considered abnormal.
![Malleynila Company manufactures a single product in two process departments. Costs and
production data to the month of November follows:
COSTS
ASSEMBLY FINISHING
Wip, beg (50% materials, 30% labor, 20% overhead)
9,750.00 18,000.00
Materials
64,000.00
Labor
47,250.00 85,800.00
Factory overhead
31,500.00 47,200.00
QUANTITY
Wip, beg 1/2 complete
Started in process
3,000.00
33,000.00
30,000.00 25,000.00
4,000.00
Completed and transferred
Wip, end 40% to complete
5,000.00
6,000.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd9b9303a-9eb8-40b5-93b3-1e67d433ffea%2F8383c6e2-5df7-4d9f-91b0-8c913b5b410d%2Fjaglqr8_processed.png&w=3840&q=75)
Transcribed Image Text:Malleynila Company manufactures a single product in two process departments. Costs and
production data to the month of November follows:
COSTS
ASSEMBLY FINISHING
Wip, beg (50% materials, 30% labor, 20% overhead)
9,750.00 18,000.00
Materials
64,000.00
Labor
47,250.00 85,800.00
Factory overhead
31,500.00 47,200.00
QUANTITY
Wip, beg 1/2 complete
Started in process
3,000.00
33,000.00
30,000.00 25,000.00
4,000.00
Completed and transferred
Wip, end 40% to complete
5,000.00
6,000.00
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