Question
QUESTION PT. MyOwnFam (a company that produces furniture) with a mass production process process their products en masse through one department. As for the costs
QUESTION PT. MyOwnFam (a company that produces furniture) with a mass production process process their products en masse through one department. As for the costs incurred during January 2019 are as follows:
Raw Material Cost 150,700,000 Auxiliary Material Cost 100,000,000 Labor Cost 185,000,000 Factory Overhead Cost 200,000,000 Total 647,500,000 The number of products produced are: - Finished goods as much as 4,500 kg - Goods in Process as much as 500 kg (100% Cost of Raw Materials and Auxiliary Material Costs, 80% Labor Costs, 60% Factory Overhead Costs)
Requested A. Make the cost per unit B. Calculate the Cost of Finished Products and Work-In-Process Inventory C. Journalize the required production costs
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