Maurice Tutor

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Category > Accounting Posted 06 Aug 2017 My Price 7.00

Mixing Department of Cappy Cleaning Products

Cost of production summaries, one department, two months; journal entries

Manufacturing data for the months of January and February in the Mixing Department of Cappy Cleaning Products follow:

 

January

February

Materials used

$20,000

$28,400

Labor

$15,200

$23,000

Factory overhead

$11,400

$19,800

Finished and transferred to Blending Dept.

3,600

3,200

Work in process, end of month

$400

600

Stage of completion

3/4

1/4

All materials are added at the start of the process. Labor and factory overhead are added evenly throughout the process. No units were in process at the beginning of January. Goods finished in Mixing are transferred to Blending for further processing.

Required:

1. From an analysis of this information, prepare a cost of production summary for each month, using the average cost method.

2. Make the journal entries necessary to record each month’s transactions.

Answers

(5)
Status NEW Posted 06 Aug 2017 10:08 PM My Price 7.00

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