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Exercise 4 (20 points) Cassel Chemical Company uses a process cost system with two departments: (a) a Mthe company generated (b) a Packing Department. During
Exercise 4 (20 points) Cassel Chemical Company uses a process cost system with two departments: (a) a Mthe company generated (b) a Packing Department. During May, its first month of operations S180,000 in revenue by manufacturing and selling 800 cases of costs are as follows Related manufactured Packing Mixing Department In Di Department Direct materials.. Direct labor Manufacturing overhead... S 1,000 14,000 8,000 S26,000 8,000 12,000 Stu er to the above data. The unit cost of a case processed in the Mixing Department in May was a $230. b $55.50. $73.50. d Some other amount tuc ds 2 Refer to the above data. The unit cost of a case incurred by the Packing Department in May was. a $73.50 b $57.50. $28.75 Some other amount. d Refer to the above data. b $69,000. d Some other amount. The total cost of all cases transferred to finished goods in May was: 3 $74,200 $63,600 Refer to the ahove data. The gross profit (sales minus cost of goods sold) on chemicals sold in May was: a $64,000 b $70,000 c SI11,000. d Some other amount 4 Refer to the above data. The unit cost of a case charged to cost of goods sold in May was: a $80 b $65.50. c $86.25. 5 d Some other amount
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