The Matis Manufacturing Company manufactures a single product in two producing departments. For the month of April, the cost and production data were as follows: Mixing Finishing Quantity Data: WIP, beg Stage of Completion Materials Conversion Cost Started in Process 5,000 6,000 100% 50% -0- 60% 10,000 10,000 5,000 Transferred to the next Dep't. WIP, end Stage of Completion Materials Conversion Cost Cost data: 11,000 5,000 80% 40% -0- 50% Cost in WIP, beg Costs from preceding Dep't Materials Direct labor P63,000 P42,000 35,000 20,500 62,500 45,000 Factory Overhead Costs added this month Materials Direct labor 90,000 52,000 37,500 140,000 90,000 Factory Overhead
The Matis Manufacturing Company manufactures a single product in two producing departments. For the month of April, the cost and production data were as follows: Mixing Finishing Quantity Data: WIP, beg Stage of Completion Materials Conversion Cost Started in Process 5,000 6,000 100% 50% -0- 60% 10,000 10,000 5,000 Transferred to the next Dep't. WIP, end Stage of Completion Materials Conversion Cost Cost data: 11,000 5,000 80% 40% -0- 50% Cost in WIP, beg Costs from preceding Dep't Materials Direct labor P63,000 P42,000 35,000 20,500 62,500 45,000 Factory Overhead Costs added this month Materials Direct labor 90,000 52,000 37,500 140,000 90,000 Factory Overhead
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please show your solution in excel form. Thank you
Transcribed Image Text:Compute for the cost of goods manufactured.
The Matis Manufacturing Company manufactures a single product in two producing
departments. For the month of April, the cost and production data were as follows:
Mixing
Finishing
Quantity Data:
WIP, beg
Stage of Completion
Materials
Conversion Cost
Started in Process
5,000
6,000
100%
50%
10,000
10,000
5,000
-0-
60%
Transferred to the next Dep't.
WIP, end
Stage of Completion
Materials
Conversion Cost
Cost data:
11,000
5,000
80%
40%
-0-
50%
Cost in WIP, beg
Costs from preceding Dep't
Materials
Direct labor
P63,000
P42,000
35,000
20,500
62,500
45,000
Factory Overhead
Costs added this month
Materials
Direct labor
90,000
52,000
37,500
140,000
90,000
Factory Overhead
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