t of spoilage chargeable to Revenue is (recognized as expenses)?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 13P: Tanaka Manufacturing Co. uses the process cost system. The following information for the month of...
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The total cost of spoilage chargeable to Revenue is (recognized as expenses)?
![Mandarin Manufacturing Company uses a process cost system with FIFO method of costing to account for cost.
Units of product are started in the Forming Dept. and then transferred to the Finishing Department where they
are completed. Units are inspected at the end of the production process (discrete) in the Forming Department
and an average of 5% of units started is considered normal loss. Data related to April in the Forming Dept.
are:
UNITS:
Units in beginning inventory, 100% M, 35%CC
Units started in process
Units transferred to next department
Units in process end, 100% M, 65%
COSTS:
10,000
90,000
80,000
15,000
Costs- prior period Costs this period
P12,600
Materials
Labor
P360,000
7,700
111,390
Overhead
14,000
222,780](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38e0a251-3cbe-4b15-b66a-caad525a2478%2Fd2d91183-01a6-4fd7-a32a-b8c37c997579%2Fmo6uzf_processed.png&w=3840&q=75)
Transcribed Image Text:Mandarin Manufacturing Company uses a process cost system with FIFO method of costing to account for cost.
Units of product are started in the Forming Dept. and then transferred to the Finishing Department where they
are completed. Units are inspected at the end of the production process (discrete) in the Forming Department
and an average of 5% of units started is considered normal loss. Data related to April in the Forming Dept.
are:
UNITS:
Units in beginning inventory, 100% M, 35%CC
Units started in process
Units transferred to next department
Units in process end, 100% M, 65%
COSTS:
10,000
90,000
80,000
15,000
Costs- prior period Costs this period
P12,600
Materials
Labor
P360,000
7,700
111,390
Overhead
14,000
222,780
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