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thank you. will rate positively Gentle Ltd. manufactures a single product, which passes through the Department and Bottling Department. Manufacturing begins in the Mixing Department.
thank you. will rate positively
Gentle Ltd. manufactures a single product, which passes through the Department and Bottling Department. Manufacturing begins in the Mixing Department. All units are then transfer Bottling Department. In the Bottling Department, further materials are added and processed completion, and transferred to the finished goods inventory. Overhead is alloca the basis of 150% of direct labour cost. Work in process in the Bottling Department on 1 Mar was 70,000 units (Mate 50% complete; Conversion : 90% complete). The costs included in these units w follows: Mixing Department costs Bottling Department : Direct materials : Direct labour : Overheads $1,015,000 $350,000 $1,285,200 $? During the month, the Bottling Department completed and transferred 200,000 to finished goods inventory. Units transferred in from Mixing in Mar were char $15.30 per unit. Bottling Department's costs in Mar were : Materials added during the month Direct labour for the month Overheads $1,870,000 $3,268,000 $? The ending work in process for Bottling Department was 50,000 units (Mate 10%; Conversion : 30%). Required: (a) Prepare the Bottling Department production cost report for the month of Ma using (round up to 2 decimal place): (i) Weighted Average method (ii) FIFO methodStep by Step Solution
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