Requested: a. Prepare information to determine how much the cost of finished products is transferred to the warehouse and the cost of goods in process which at the end of the month have not yet been produced. b. Make a journal, so that the ledger can show the Cost of Production (COGS) for Finished Goods (FG) and Work in Process (WIP). Note: Write down a clear way of working, or the excel formula 3. PT Era Milenia Jaya processes its products in bulk through one productiondepartment. The total costs incurred during January 2022 are as follows:Raw material cost= Rp5.000.000Cost of Auxiliary Materials= Rp7,500,000Labor cost =Rp11,250,000= Rp16.125.000Total production cost = IDR 39,875,000Factory overhead BiayaThe number of products produced during the month were:Finished product 2,000 kgProduct in progress at the end of the month 500 kgWith the following completion rates:Cost of raw materials = 100%Cost of auxiliary materials = 100%Labor costs = 50%Factory overhead costs = 50%%3D

The total cost of producing a product, including raw materials and operating costs, is detailed in a…

Answered: Requested: a. Prepare information to…

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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Requested: a. Prepare information to determine how much the cost of finished products is transferred to the warehouse and the cost of goods in process which at the end of the month have not yet been produced. b. Make a journal, so that the ledger can show the Cost of Production (COGS) for Finished Goods (FG) and Work in Process (WIP). Note: Write down a clear way of working, or the excel formula

3. PT Era Milenia Jaya processes its products in bulk through one production
department. The total costs incurred during January 2022 are as follows:
Raw material cost
= Rp5.000.000
Cost of Auxiliary Materials
= Rp7,500,000
Labor cost =
Rp11,250,000
= Rp16.125.000
Total production cost = IDR 39,875,000
Factory overhead Biaya
The number of products produced during the month were:
Finished product 2,000 kg
Product in progress at the end of the month 500 kg
With the following completion rates:
Cost of raw materials = 100%
Cost of auxiliary materials = 100%
Labor costs = 50%
Factory overhead costs = 50%
%3D

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