Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need answer please asap Exercise 9.12: Cost of production report with opening work in process North Point Ptv Ltd produces a single product in three

Need answer please asap

image text in transcribed
Exercise 9.12: Cost of production report with opening work in process North Point Ptv Ltd produces a single product in three departments: Construction, Finishing and Packaging. The April cost and operating data for the Construction Department is: Beginning vvork in process inventorv 3,000 Units started in Construction Department 42,000 Units transferred to Finishing Department 2,500 Beginning work in process costs: Raw materials costs S 13,800 Conversion costs 17,230 Current period costs: Raw materials costs 5 190,325 Conversion costs 297,720 The work in process inventory in the Construction Department on 1 April is 80% complete as to conversion costs and 100% complete as to materials. At 30 April the work in process inventorv in the Construction Department is half complete as to conversion costs and three-quarters complete as to materials. Required: Prepare a cost of production report for the April production for the Construction Department

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Asymmetric Cost Behavior Implications For The Credit And Financial Risk Of A Firm

Authors: Kristina Reimer

1st Edition

3658228210, 9783658228217

More Books

Students also viewed these Accounting questions

Question

Understand the basic theories and concepts of OD

Answered: 1 week ago