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Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly.
Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows.
b. Prepare the production cost report for Plant 1 for July 2014.
Problem 16-3A (Part Level Submission) Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows Cutting Department Plant1 T12-Tables Plant2 C10-Chairs Production Data-Jul Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 20,900 3,300 60 17,600 550 80 Cost Data-Jul Work in process, July 1 Materials Labor Overhead $0 418,000 257,620 114,400 $790,020 $0 316,800 121,000 106,370 $544,170 TotalStep by Step Solution
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