Problem 2 The Antipolo company operates three departments. Product costs are tracked by department and assigned process costing system. Overhead is applied to production in each department at a rate of 80 percent of direct labor cost. The hereunder T-account information pertains to the department operations submitted by the cost accountant. Work in process - Stripping Dept. 1 20,000 Cost Transf. ? Work in process - Adhesion Dept. 2 Beg. Beg. 70,000 Cost Transf. 480,000 90,000 80,000 DM Trans. In ? DL DM 22,600 FO DL Ending 17,000 ? Ending FO 20,600 Work in Process - Packing Dept. 3 150,00 Transf. Fgoods ? Finished Goods 185,000 Cost of sales 770,000 Beg. Beg. CoGmf 880,000 DM DL Fo 90,000 Ending Ending 40,000

Problem 2 The Antipolo company operates three departments. Product costs are tracked by department and assigned process costing system. Overhead is applied to production in each department at a rate of 80 percent of direct labor cost. The hereunder T-account information pertains to the department operations submitted by the cost accountant. Work in process - Stripping Dept. 1 20,000 Cost Transf. ? Work in process - Adhesion Dept. 2 Beg. Beg. 70,000 Cost Transf. 480,000 90,000 80,000 DM Trans. In ? DL DM 22,600 FO DL Ending 17,000 ? Ending FO 20,600 Work in Process - Packing Dept. 3 150,00 Transf. Fgoods ? Finished Goods 185,000 Cost of sales 770,000 Beg. Beg. CoGmf 880,000 DM DL Fo 90,000 Ending Ending 40,000

Name: Č P112,500D P177,4002DThe cost of goods put to process for the month
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Description: Č P112,500D P177,4002DThe cost of goods put to process for the month of June is:A P717600B P803,600C P957,000D P957,600 Problem 2 The Antipolo company operates three departments. Product costsare tracked by department and assigned process costing sy

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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