The Nan-Jo Co., uses a process cost system and manufactures angora products N, A, and J. The
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The Nan-Jo Co., uses a process cost system and manufactures angora products N, A, and J. The following information was obtained: nki4
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Department 1 (split-off point): Costs added during the period: Direct materials. Direct labor. Factory overhead Units completed and transferred (N, A, and J; 3:5:2 respectively). Units in ending work-in-process inventory (100% direct materials; 75% conversion costs)... No beginning inventories Additional processing costs: $150,000 $118,750 $ 95,000 10,000 2.500 N (Department 2). $20,000 J (Department 3).. $15,000 Required: a Using the simple average output method, allocate the joint costs in Department I to: 1 Individual products 2 Ending work-in-process inventory b Calculate the total cost allocation of each product after additional processing costs are added.
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Related Book For
Cost Accounting Concepts And Applications For Managerial Decision Making
ISBN: 9780070103108
2nd Edition
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
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