Glaxowellcome Limited manufactures tranquilizers into three departments, Mixing, Compounding and Packaging. Company uses average costing in the first two departments, and fifo costing is used in the Packaging Department. The following data is available for September: Mining Compounding Packaging 4,000 2,000 2,000 60,000 50,000 46,000 64,000 52,000 48,000 50,000 46,000 41,600 2,000 4,000 12.000 6.000 2.400 64,000 52.000 48.000 1/1 5/6 1/2 1/2 2/3 Units in process at beginning Units started in process Units received from preceding department Total Units transferred in next department Units transferred to finished goods Units lost during process (normal) Units still in process Total Stage of completion of units in: Process at beginning of period: Materials Labour and factory overhead Stage of completion of units in: Process at end of period: Materials Labour and factory overhead Cost data: Work in process beginning inventory: Cost from preceding department Material Labour Factory overhead Cost added during period: Material Labour Factory overhead 1/1 1/2 2/3 2/3 1/6 2,260 1,960 770 1,060 3,000 60 130 100 350 200 29,040 10,430 15,470 13,400 8,550 1230 2,870 2,460 Required: 1. Compute equivalent units of production for each department. (Marks 3) 2. Prepare a combined cost of production report for September. (carry unit cost computations to five decimal places.) (Marks 7) Glaxowellcome Limited manufactures tranquilizers into three departments, Mixing, Compounding and Packaging. Company uses average costing in the first two departments, and fifo costing is used in the Packaging Department. The following data is available for September: Mining Compounding Packaging 4,000 2,000 2,000 60,000 50,000 46,000 64,000 52,000 48,000 50,000 46,000 41,600 2,000 4,000 12.000 6.000 2.400 64,000 52.000 48.000 1/1 5/6 1/2 1/2 2/3 Units in process at beginning Units started in process Units received from preceding department Total Units transferred in next department Units transferred to finished goods Units lost during process (normal) Units still in process Total Stage of completion of units in: Process at beginning of period: Materials Labour and factory overhead Stage of completion of units in: Process at end of period: Materials Labour and factory overhead Cost data: Work in process beginning inventory: Cost from preceding department Material Labour Factory overhead Cost added during period: Material Labour Factory overhead 1/1 1/2 2/3 2/3 1/6 2,260 1,960 770 1,060 3,000 60 130 100 350 200 29,040 10,430 15,470 13,400 8,550 1230 2,870 2,460 Required: 1. Compute equivalent units of production for each department. (Marks 3) 2. Prepare a combined cost of production report for September. (carry unit cost computations to five decimal places.) (Marks 7)
