Freedo Corporation manufactures in separate processes refrigerators and freezers for homes. In each process, materials are entered at the beginning and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows.

Instructions

(a) For each plain (1) Compute the physical units of production.
(2) Compute equivalent units of production for materials and for conversion costs.
(3) Determine the unit costs of production.
(4) Show the assignment of costs to units transferred 0U1 and in process

(b) Prepare the production cost report for Plant A for June 2002.

Transcribed Image Text:

Production Data-June Work in process units, June 1 Units started into production Work in process units, June 30 Work in process percent complete Cost Data-June Work in process, June 1 Stamping Department Plant A R12 Refrigerators -0- 20,000 2,000 75% Plant B F24 Freezers 20,000 2,500 60% Materials Labor Overhead Total -0- 840,000 $ -0- 700,000 223,500 251,000 319,000 420,000 $1,483,500 $1,270,000