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Category > Business & Finance Posted 21 May 2017 My Price 9.00

Problem C Shine Company uses a process

Problem C Shine Company uses a process cost system to account for the costs incurred in making its single product, a hair conditioner. This product is processed in Department A and then in Department B. Materials are added in both departments. Production for May was as follows:

Department A Department B

Units started or transferred in 200,000 160,000 Units completed and transferred out 160,000 120,000 Stage of completion of May 31 inventory:

Materials 100% 80%

Conversion 50% 40%

Costs incurred this month:

Direct materials costs $200,000 $304,000

Conversion costs $540,000 $272,000

There was no May 1 inventory in either department.

    1. Prepare a production cost report for Department A in May.

    2. Prepare a production cost report for Department B in May.

 

 

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Status NEW Posted 21 May 2017 07:05 AM My Price 9.00

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