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(Appendix 6A) First-In, First-Out Method; Single-Department Analysis; One Cost Category Millie Company produces a product that passes through an assembly process and a finishing process.
(Appendix 6A) First-In, First-Out Method; Single-Department Analysis; One Cost Category Millie Company produces a product that passes through an assembly process and a finishing process. All manufacturing costs are added uniformly for both processes. The following information was obtained for the assembly department for June: a. wip, June 1, had 24,000 units (60% completed) and the following costs: Direct materials Direct labor overhead applied b. During June, 70,000 units were completed and transferred to the finishing department, and the following costs were added to $186,256 64,864 34,400 Direct materials Direct labor Overhead applied C. On June 30, there were 10,000 partially completed units in process. These units were 70% complete. Required: $267,880 253,000 117,600 Prepare a production report for the assembly department for June using the FiFo methed of costing. The report should disclose the physical flow of units. rounded value in the following computations. It required, round final ansivers (except for per-unit amount) to the nearest doilar or unit. Note: Total equivalent units, and unit costs and should track the disposition of manufacturing costs. Carry the unit cost.computation to four decimal places and use account for and Total costs to account for' would be different due to rounding. Millie Company Previous Next 235 PM
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