Question
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging). During the year-end, the following production information have been obtained from
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, the amount transferred from Molding Department to Packaging Department is:
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Horngrens Financial And Managerial Accounting
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
6th Edition
0134486838, 978-0134486833
