Process Costing: The mixing department of Kale Company uses two processes, Blending and Cooking. The following information pertains to the Blending Department for February. Units Beginning WIP Started in production in February Transferred out in February Ending WIP: Units Percent Complete: Direct materials Conversion costs Costs Beginning WIP: Direct materials costs Conversion costs Direct materials costs added in July Conversion costs added in July: Direct labor Manufacturing overhead allocated 9,000 51,000 40,000 Required: Prepare a Production Cost Report. ??? 100% 25% $ 4,000 $2,000 $146,000 $16,750 $60,000 Total conversion costs added $76,750
Process Costing: The mixing department of Kale Company uses two processes, Blending and Cooking. The following information pertains to the Blending Department for February. Units Beginning WIP Started in production in February Transferred out in February Ending WIP: Units Percent Complete: Direct materials Conversion costs Costs Beginning WIP: Direct materials costs Conversion costs Direct materials costs added in July Conversion costs added in July: Direct labor Manufacturing overhead allocated 9,000 51,000 40,000 Required: Prepare a Production Cost Report. ??? 100% 25% $ 4,000 $2,000 $146,000 $16,750 $60,000 Total conversion costs added $76,750
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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300.
Transcribed Image Text:Process Costing:
The mixing department of Kale Company uses two processes, Blending and Cooking. The
following information pertains to the Blending Department for February.
Units
Beginning WIP
Started in production in February
Transferred out in February
Ending WIP:
Units
Percent Complete:
Direct materials
Conversion costs
Costs
Beginning WIP:
Direct materials costs
Conversion costs
Direct materials costs added in July
Conversion costs added in July:
Direct labor
Manufacturing overhead allocated
9,000
51,000
40,000
Required:
Prepare a Production Cost Report.
???
100%
25%
$16,750
$60,000
Total conversion costs added $76,750
$ 4,000
$2,000
$146,000
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