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(a) Leon & Co. manufactures pizza sauce through two production departments; Cooking and Canning departments. In each process, materials and conversion costs are incurred evenly
(a) Leon & Co. manufactures pizza sauce through two production departments; Cooking and Canning departments. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process accounts show the following debits. Canning Beginning work in process Materials RM 4,000 Cooking RM 25,000 8,500 29,000 Labour Overhead 8,000 7,500 25,800 55,000 Costs transferred in Required: Journalize the April transactions. (11 marks) (b) The machining department of POPO Furniture Ltd has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 11,000 units finished and transferred out; 4,000 units started that are fully completed to material and 25% complete as to conversion costs. Manufacturing costs: Materials RM 48,000,000; Labour RM 42,000,000 and overhead RM 36,000,000 Required: Prepare a production cost report. (14 marks) ENEA
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