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Kellogg's uses a process cost accounting system to keep track of the costs of making cereal. Kellog's in keeping track of the cost of the
Kellogg's uses a process cost accounting system to keep track of the costs of making cereal. Kellog's in keeping track of the cost of the Cooking Department process The Cooking Department adds all the materials at the beginning of the process and then incurs conversion costs evenly throughout the process During November, the department added materials costing $213.500. The department was charged costs related to labor of $100,000 and overhead charges of $54,000. The department had beginning work in process inventory of $176,500 on November 1, comprised of $154,500 of materials, $15,000 labor, and $7,000 overhead. Data related to physical units for November are: Beginning work in process inventory. 11/1 Units completed and transferred out Ending work in process inventory, 11/30 Instructions: 20,000 units (50% complete) 90,000 units 25,000 units (40% complete) Answer the following questions by filling in the blanks with the appropriate number. Do NOT use $ Signs. FOR NUMBERS THAT HAVE DECIMALS, C PRESENT 2 DECIMAL SPACES. Use COMMAS on Numbers. EXAMPLES: (NOT $10000) (NOT 10000.292) (NOT 10.000.00) (YES 10,000) (YES 5.70) 1) The number of physical units to account for in November are 2) The equivalent units of production for materials for the month of November are: units 3) The equivalent units of production for conversion costs for the month of November are 41 The unit cost for materials for Novemher is S units units Click Save and Submit to save and submit. Click Save All Answers to save all answers. 1) The number of physical units to account for in November are 2) The equivalent units of production for materials for the month of November are (YES 5,70) units units units 3) The equivalent units of production for conversion costs for the month of November are. 4) The unit cost for materials for November is: $ 5) The unit cost for conversion costs for November is: $ 6) The total manufacturing cost per unit for November is: 5 7) The total cost assigned to the 90,000 units that were transferred out of the process (Finished Goods) in November is $ 8) The total cost assigned to the remaining units in the Cooking Department (Ending Work in Process) at November 30 is $ QUESTION 27 Click Save and Submit to save and submit. Click Save All Answers to save all answers. hp
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