The cost department of Maramihan Corporation operates a process cost system using the average method. Production records showed the following data for one of the three production departments: Product received from previous department 100,000 kg; Product finished and sent to next department 71,840 kg; Product finished and remaining in this department 4,160 kg; Product unfinished in this department 24,000 kg. In this department, additional material is added to the work received from the preceding department. Three distinctly different types of materials are used at three separate stages of production in this department. Material A is added at the start of the process. Material B is added when the process is one-fourth completed. Material C is added when the process is three-fourths completed. Labor and factory overhead are incurred at a uniform rate throughout the manufacturing process in this department. Examination of the unfinished work discloses that: 4 was 7/8 completed; ½ was ½ completed; ¼ was 1/6 completed. Compute for equivalent units of production. If you have multiple answers, separate your answers by A SPACE IN BETWEEN ANSWERS when necessary.
The cost department of Maramihan Corporation operates a process cost system using the average method. Production records showed the following data for one of the three production departments: Product received from previous department 100,000 kg; Product finished and sent to next department 71,840 kg; Product finished and remaining in this department 4,160 kg; Product unfinished in this department 24,000 kg. In this department, additional material is added to the work received from the preceding department. Three distinctly different types of materials are used at three separate stages of production in this department. Material A is added at the start of the process. Material B is added when the process is one-fourth completed. Material C is added when the process is three-fourths completed. Labor and factory overhead are incurred at a uniform rate throughout the manufacturing process in this department. Examination of the unfinished work discloses that: 4 was 7/8 completed; ½ was ½ completed; ¼ was 1/6 completed. Compute for equivalent units of production. If you have multiple answers, separate your answers by A SPACE IN BETWEEN ANSWERS when necessary.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The cost department of Maramihan Corporation operates a
process cost system using the average method. Production
records showed the following data for one of the three
production departments: Product received from previous
department 100,000 kg; Product finished and sent to next
department 71,840 kg; Product finished and remaining in this
department 4,160 kg; Product unfinished in this department
24,000 kg. In this department, additional material is added to
the work received from the preceding department. Three
distinctly different types of materials are used at three
separate stages of production in this department. Material A
is added at the start of the process. Material B is added when
the process is one-fourth completed. Material C is added
when the process is three-fourths completed. Labor and
factory overhead are incurred at a uniform rate throughout
the manufacturing process in this department. Examination
of the unfinished work discloses that: 4 was 7/8 completed; ½
was ½ completed; ¼ was 1/6 completed. Compute for
equivalent units of production. If you have multiple answers,
separate your answers by A SPACE IN BETWEEN ANSWERS
when necessary.
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