Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases:a.) Loss occurred at the start of process;b.) Loss occurred during the process;c.) Loss occurred at the end of process. The following data pertain to the production of the second department of SunshineManufacturing Corp. for the month of March:WIP, begReceived from Department AWIP, end5,000 units; 1/2 done20,000 units @ 16,000 units; 2/3 done2,000 unitsLost unitsCost data:WIP, begCost this dep't14,100Materials39,90023,940Direct LabourFactory Overhead15.960Factory costs are evenly applied and all lost units were considered nomal.

Production cost report: Production cost report is defined as the summarized statement that provides…

Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases: a.) Loss occurred at the start of process; b.) Loss occurred during the process; c.) Loss occurred at the end of process.

Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases: a.) Loss occurred at the start of process; b.) Loss occurred during the process; c.) Loss occurred at the end of process.

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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