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Document1 - Word FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW TABLE TOOLS DESIGN LAYOUT The Knuckles Manufacturing Co. manufactures a product
Document1 - Word FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW TABLE TOOLS DESIGN LAYOUT The Knuckles Manufacturing Co. manufactures a product in three successive departments - Mixing Department, Refining Department, and Finishing Department. Normal lost units coming from those placed in process during the period or those received from preceding departments occur in all three departments during processing. Production data for the month of March follow: Mixing Department Refining Department Finishing Department In process, March 1 (all materials, 1/2 labor and overhead) 4,000 (1/3 labor and overhead) 3,000 (1/4 labor and overhead) 4,000 Transferred to next department 38,000 36,000 36,000 Completed and on hand 1,000 In process, March 31 (all materials, 2/3 labor and overhead) 3,000 (1/2 labor and overhead) 4,000 (1/3 labor and overhead) Units lost in process 3,000 2,000 1,000 1,000 Cost Data: Work in process, September 1 Cost added: Materials Labor Overhead 4,482 6,512 15,860 19,760 24,180 23,400 34,040 29,970 33,120 19,440 Prepare Cost of Production Reports for all the departments, using FIFO, Normal Lost Units - Uneven Application of Cost PAGE 1 OF 1 162 WORDS ENGLISH (PHILIPPINES) " ? Sign in + 88% 11:09 AM 02/16/2021
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