There were 3,750 units that were 80 percent complete remaining in Mixing at January 31. The cost of goods transferred to the Molding Department during January using the FIFO method is
There were 3,750 units that were 80 percent complete remaining in Mixing at January 31. The cost of goods transferred to the Molding Department during January using the FIFO method is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Rawlings, Inc. manufactures a product that
passes through two processes: mixing and
molding. All manufacturing costs are
added uniformly in the Mixing Department.
Information for the Mixing Department for
January follows: Work in process, January
1: Units (35% complete) 7,500
Direct materials $36,000
Direct labor $45,000
Overhead $15,000
During January, 26,750 units were
completed and transferred to the Molding
Department. The following costs were
incurred by the Mixing Department during
January: Direct materials $133,050
Direct labor 180,000
Overhead (applied) 45,000
There were 3,750 units that were 80
percent complete remaining in Mixing at
January 31. The cost of goods transferred
to the Molding Department during January
using the FIFO method is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff6f4690a-a109-44a2-8b0d-032ce916abc1%2F53167eaa-4429-4a65-88b0-c83217cf483f%2F8uc179_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rawlings, Inc. manufactures a product that
passes through two processes: mixing and
molding. All manufacturing costs are
added uniformly in the Mixing Department.
Information for the Mixing Department for
January follows: Work in process, January
1: Units (35% complete) 7,500
Direct materials $36,000
Direct labor $45,000
Overhead $15,000
During January, 26,750 units were
completed and transferred to the Molding
Department. The following costs were
incurred by the Mixing Department during
January: Direct materials $133,050
Direct labor 180,000
Overhead (applied) 45,000
There were 3,750 units that were 80
percent complete remaining in Mixing at
January 31. The cost of goods transferred
to the Molding Department during January
using the FIFO method is
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