Question
Rawlings, Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the Mixing Department. Information for
Rawlings, Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the Mixing Department. Information for the Mixing Department for January follows:
Work in process, January 1: | |
Units (35% complete) | 7,500 |
Direct materials | $36,000 |
Direct labor | $45,000 |
Overhead | $15,000 |
During January, 26,750 units were completed and transferred to the Molding Department. The following costs were incurred by the Mixing Department during January:
Direct materials | $133,050 |
Direct labor | 180,000 |
Overhead (applied) | 45,000 |
The cost of January's ending work in process for the Mixing Department using the FIFO method is
There were 2500 units that were 80 percent complete remaining in mising at january 31
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