Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CoursHeroTranscribedText: GDL Company uses three departments to produce a detergent. The finishing department is the third stop before the product is transferred to storage. All

image text in transcribed
CoursHeroTranscribedText: GDL Company uses three departments to produce a detergent. The finishing department is the third stop before the product is transferred to storage. All materials needed to give the detergent Its final composition are added at the beginning of the process in the Finishing Department. Any lost units occur only at this point and are considered to be normal. The following data for the Finishing Department for October have been made available. Production data: in process. Oct. 1 {labor 8: overhead. 3/4 pomp) 10,000 units Transferred In from preceding department 40,000 units Finished and transferred to storage 35,000 units In process. Oct 31 {labor a overhead, H2 comp) 10,000 units Additional data: Work in process inventory, October 1 Cost from preceding department P40,000 Cost from this department Materials 20.000 Labor 39.000 Overhead 42,000 Transferred in during October 140,000 Cost added in this department Materials 70.000 Labor 162,500 Overhead 130.000 Requirements 1. Cost of production report using average method

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

More Books

Students also viewed these Accounting questions

Question

What is the human relations movement view of motivation?

Answered: 1 week ago

Question

What is cost plus pricing ?

Answered: 1 week ago

Question

1. What are the types of wastes that reach water bodies ?

Answered: 1 week ago

Question

Which type of soil has more ability to absorb water?

Answered: 1 week ago