P11-3 San Diego Company has two departments in producing its product. On March 2015,Department B provided us the following information:In process, beginningReceived from Dept. AUnits:30,000 1/3 completed80,00050,000Finished & transferredFinished & on hand20,000In process, end.Lost units discavered at end of the process? 30% completed4,00045,000In process, beginningReceived from Dept. ACosts:120,000Cost added:160,00090,00040,000MaterialsLaborOverheadRequired: Prepare a cost of production report.unitc as snoiled (normal).

In the given question, lost units are discovered at the end, so the costs are consumed fully by…

P11-3 San Diego Company has two departments in producing its product. On March 2015, Department B provided us the following information: In process, beginning Received from Dept. A Units: 30,000 1/3 completed 80,000 Finished & transferred 50,000 20,000 ? 30% completed Finished & on hand In process, end. Lost units discavered at end of the process 4,000 process, beginning Received from Dept. A Cost added: 45,000 120,000 Costs: In 160 000

P11-3 San Diego Company has two departments in producing its product. On March 2015, Department B provided us the following information: In process, beginning Received from Dept. A Units: 30,000 1/3 completed 80,000 Finished & transferred 50,000 20,000 ? 30% completed Finished & on hand In process, end. Lost units discavered at end of the process 4,000 process, beginning Received from Dept. A Cost added: 45,000 120,000 Costs: In 160 000

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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TOPIC: PROCESS COSTING-LOST UNITS
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