Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production Dept 1 , 0 0 0 , 0 0 0 Packaging Dept 4 0 0 , 0 0 0 Total Direct Cost 1 ,

Production Dept 1,000,000
Packaging Dept 400,000
Total Direct Cost 1,400,000
The opening inventories for the period was 1500 units and WIP of 3000 units and the
closing inventories for the period were 2400 units of raw materials and 2500 units of WIP.
Raw materials bought during the period were for 40,000 units for and Finished goods
transferred to the Packaging Dept were
The Direct Labour Cost was $50 per unit while Direct Material were $60.00 per unit and
Direct Expenses were ____ per unit
The Indirect Labour Cost was $20.00 per unit while indirect material was $18 per unit
while manufacturing overhead was ____ per unit.
The inventories in the production dept consisted of WIP with all raw material 100%
completed while 30% completed for conversion costs.
Required
1. Calculate the missing costs in both per unit and actual $ value

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_2

Step: 3

blur-text-image_3

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

Auditing & Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

8th Edition

978-1260703733, 1260703738

More Books

Students also viewed these Accounting questions