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Milton Manufacturing uses a process costing system. Products are processed successively by Department and Department Y and are then transferred to the finished goods warehouse.

Milton Manufacturing uses a process costing system. Products are processed successively by Department and Department Y and are then transferred to the finished goods warehouse. Shown below is cost information for Department Y during the month of May:

cost of work in process on may 1. 85,000

cost on units transferred in form dept. x during may 262,000

manufacturing cost added in dept. y.

direct material used. 210,000

direct labor 45,000

manufacturing overhead. 67,000. 322,000

total cost charged to dept. y as of may 31 669,000

The cost of work in process in Department Y at May 31 has been determined to be $113,500.

Process costing system-journal entries

The transfer of production from Department to Department Y. (b.) The recording of manufacturing costs incurred in Department Y during May. (Use a single journal entry.) (c.) The transfer of completed units from Department Y to the finished goods warehouse.

How to factor in the work in process in department y on may 31st?

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