PROBLE P10-1 Drummond Corporation uses process costing underaverage method. Production costs are applied unevenly throughout the process. It has two divisions–G and H. The ollowing data was gathered for the month of December 2015. You are required to prepare the cost of production report. December 2015 Department A Department B Quantity Work in process, beg. Stage of completion Started in process Finished and transferred to next dept. Finished and on hand Work in process, end Stage of completion 8,000 4,000 25% 40% 18,000 20,000 18,000 20,000 6,000 6,000 40% 30%

PROBLE P10-1 Drummond Corporation uses process costing underaverage method. Production costs are applied unevenly throughout the process. It has two divisions–G and H. The ollowing data was gathered for the month of December 2015. You are required to prepare the cost of production report. December 2015 Department A Department B Quantity Work in process, beg. Stage of completion Started in process Finished and transferred to next dept. Finished and on hand Work in process, end Stage of completion 8,000 4,000 25% 40% 18,000 20,000 18,000 20,000 6,000 6,000 40% 30%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please do not give solution in image format thanku and show calculation
Please do not give solution in image format thanku
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Please do not give solution in image format thanku
Pureform, Incorporated, uses the weighted-average method of process costing. It manufactures a product passing through two departments. Data for a recent month for the first department follow: Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 66,000 629,000 650,000 45,000 1. Equivalent units of production 2. Cost per equivalent unit Materials $ 54,800 Materials $ 725,300 $ 276,175 The beginning work in process inventory was 70% complete for materials and 55% complete for labor and overhead. The ending work in process inventory was 50% complete for materials and 30% complete for labor and overhead. Required: 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month. 2. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. Note: Round your answers to 2 decimal places. Labor $…
Dhapa
Please do not give solution in image format thanku
not use ai please
Please do not give solution in image format thanku
Please no written by hand solutions Nettle Company uses process costing to account for the production of rubber balls. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 14,900 units for materials and 14,500 units for conversion costs. Beginning inventory consisted of $8,000 in materials and $5,775 in conversion costs. April costs were $54,385 for materials and $50,750 for conversion costs. Ending inventory still in process consisted of 5,800 units (100% complete for materials, 50% for conversion). The total cost per equivalent unit using the FIFO method would be: Multiple Choice $8.09 $7.98 $7.15 $7.06
Please help me
Please heklp I am having issues solving this problem Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three separate departments: Molding, Assembling, and Packaging. The following information was obtained for the Assembling Department for the month of April. Work in process on April 1 had 110,000 units made up of the following. Amount Degree of Completion Prior department costs transferred in from the Molding Department $ 152,900 100 % Costs added by the Assembling Department Direct materials $ 89,100 100 % Direct labor 37,540 60 % Manufacturing overhead 25,070 50 % $ 151,710 Work in process, April 1 $ 304,610 During April, 510,000 units were transferred in from the Molding Department at…