What is the cost of units ending work-in-process

Assignment Help Cost Accounting
Reference no: EM132548620

A company produces plastic kitchenware and uses costing system. Products go through three departments- Mixing, Molding, and Packaging. During the month of August, the following information made available for the Mixing Department.

Units started 160,000

Units completed and transferred 130,000

Units in Process, end (25% complete) 20,000

Question 1: Materials are all added at the beginning of the process. Conversion costs are incurred uniformly throughout the mixing department. As to company's policy as to normal spoilage, it is 2% of the output, inspection and identification takes place at the end of the process. The cost of materials is P200,000 and P265,350 as to conversion. What is the cost of the In process end?

Reference no: EM132548620

Questions Cloud

Family and medical leave act : Discuss the Family and Medical Leave Act of 1993 and the Patient Protection and Affordable Care Act of 2010.
Create a conceptual model of the project : In addition, create a conceptual model of the project. Although you will not be submitting the conceptual model you design in Topic 5 with the narrative.
Calculate the total profit or loss for the period : Calculate the total profit or loss for the period under absorption costing. Calculate the total profit or loss for the period under marginal costing.
What were the total costs transferred to dept : Materials cost of P27,000 and conversion costs of P40,000 were charged to Department A in October. What were the total costs transferred to Dept. B?
What is the cost of units ending work-in-process : Materials are all added,The cost of materials is P200,000 and P265,350 as to conversion. What is the cost of the In process end?
Angel investor or venture capitalist : Evaluate your need for an Angel investor or a Venture Capitalist. Explain why the Angel or the VC would be a fit for you and your venture.
Find what is the breakeven point in sales dollars : What is the breakeven point in sales dollars if the fixed factory overhead increased by $1,700?What is the breakeven point in sales dollars
What benefit would a board have for your business : What benefit would a board have for your business? What characteristics would you look for in individual board members? Explain.
Escribe the costs associated with inventory control : Describe the costs associated with inventory control and explain the significance of the Economic Order Quantity. Find Number of orders per cycle

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd