Process 21 and 22

(a) Process 21 had 150,000 units started in the month of March. The materials input totalled $194,550, the labor worked in the month on the process was $140,000 and the monthly overhead to the apportioned to the process is a total of 50% of the labor cost of the month.

At the end of the month 120,000 unit had been completed and placed in finished goods stores and the remaining 30,000 units were estimated to have 65% of their material and labor input during the month.

(b) Determine the value of the goods in the finished goods stock at the end of the month and the value of the closing work in process.

Process 22- has an input of 10,000 kg of materials at $20000 and the labor and overhead costs for the process are a further $19,900. The normal loss from the process is 5%.

Write up the process account output levels of:

(1) 9500 kg

(11) 9400 kg

(111) 9700 kg