Weighted average Method is used. How much is the total cost assigned to the units remained in ending work in process? O 580,021 O 590,092 O 643,172 538,430
Weighted average Method is used. How much is the total cost assigned to the units remained in ending work in process? O 580,021 O 590,092 O 643,172 538,430
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
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![Weighted average Method is used.
How much is the total cost assigned to the units remained in ending work in
process?
O 580,021
590,092
O 643,172
538,430](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa569b96c-68a3-44b4-b88b-cf8c07123f6f%2F24686692-b3c5-4b3f-8dc9-acb39c1215a3%2Fxhrpqfgr_processed.png&w=3840&q=75)
Transcribed Image Text:Weighted average Method is used.
How much is the total cost assigned to the units remained in ending work in
process?
O 580,021
590,092
O 643,172
538,430
![At the High Quality GAYUMA Corp., operated by A.E. Cabug, the process begins with the blending of various chemicals and ends with the bottling of GAYUMA product after which the
bottles are sent to the shipping department for packing and crating. Labor and overhead are continuously added during the processing. Overhead is applied at the rate of P30 per direct
labor hour.
Data for May follows:
Work in process, beginning
4, 000 units
Raw materials-chemicals (60% complete)
Direct Labor (25% complete)
Overhead (25% complete)
Started in Process
21, 000 units
Completed and transferred
20, 000 units
Work in process, end
Raw materials-chemicals (100% complete)
Raw materials-bottles (60% complete)
Direct labor (80% complete)
Overhead (80% complete)
Costs for May:
Work in process, beginning
Raw materials-chemicals
P456, 000
Direct labor (P100 per hour)
62, 500
Overhead
18, 750
Current costs added
Raw materials-chemicals
P2, 284, 000
Raw materials-bottles
70, 000
Direct labor (P100 per hour)
330, 000
Overhead
105, 000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa569b96c-68a3-44b4-b88b-cf8c07123f6f%2F24686692-b3c5-4b3f-8dc9-acb39c1215a3%2Fm733hbf_processed.png&w=3840&q=75)
Transcribed Image Text:At the High Quality GAYUMA Corp., operated by A.E. Cabug, the process begins with the blending of various chemicals and ends with the bottling of GAYUMA product after which the
bottles are sent to the shipping department for packing and crating. Labor and overhead are continuously added during the processing. Overhead is applied at the rate of P30 per direct
labor hour.
Data for May follows:
Work in process, beginning
4, 000 units
Raw materials-chemicals (60% complete)
Direct Labor (25% complete)
Overhead (25% complete)
Started in Process
21, 000 units
Completed and transferred
20, 000 units
Work in process, end
Raw materials-chemicals (100% complete)
Raw materials-bottles (60% complete)
Direct labor (80% complete)
Overhead (80% complete)
Costs for May:
Work in process, beginning
Raw materials-chemicals
P456, 000
Direct labor (P100 per hour)
62, 500
Overhead
18, 750
Current costs added
Raw materials-chemicals
P2, 284, 000
Raw materials-bottles
70, 000
Direct labor (P100 per hour)
330, 000
Overhead
105, 000
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