The Painting Department of Garner Manufacturing Company has the following production and manufacturing cost data for September. Production: Beginning inventory 8,00 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, comprisedof 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.
The Painting Department of Garner Manufacturing Company has the following production and manufacturing cost data for September. Production: Beginning inventory 8,00 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, comprisedof 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.
Chapter5: Process Costing
Section: Chapter Questions
Problem 3EA: Given the following information, determine the equivalent units of ending work in process for...
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Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Compute the unit costs for materials for the month of September.
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