The Painting Department of Garner Manufacturing Company has the following production and manufacturing cost data for September. Production: Beginning inventory 8,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started into production 27,000; ending inventory of 12,000 units that are 20% complete as to conversion costs. Manufacturing Costs: Beginning work in process inventory of P40,000, comprised of P30,000 of materials and P10,000 of conversion costs. Materials added during the month, P110,000; labor and overhead applied during the month, P62,000 and P55,000, respectively. Compute the unit costs for materials and conversion costs.
The Painting Department of Garner Manufacturing Company has the following production and manufacturing cost data for September. Production: Beginning inventory 8,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started into production 27,000; ending inventory of 12,000 units that are 20% complete as to conversion costs. Manufacturing Costs: Beginning work in process inventory of P40,000, comprised of P30,000 of materials and P10,000 of conversion costs. Materials added during the month, P110,000; labor and overhead applied during the month, P62,000 and P55,000, respectively. Compute the unit costs for materials and conversion costs.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Painting Department of Garner Manufacturing Company has the following production and manufacturing cost data for September.
Production: Beginning inventory 8,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started into production 27,000; ending inventory of 12,000 units that are 20% complete as to conversion costs.
Compute the unit costs for materials and conversion costs.
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