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The AB & Co produces a chemical which requires processing in three departments. The following is the data to the operation of department III for
The AB & Co produces a chemical which requires processing in three departments. The following is the data to the operation of department III for September, 2008. Units in process at start 50% completed as to Mat. & C.C 5,000 Unit received from Department II 40,000 Unit transferred to finished store room 35,000 Normal units lost 1,000 Balance of units is in process: 100% completed as to material & 50% as to C.C. Cost of beginning inventory P.D.Rs.10, 000 .Mat.Rs.10, 000. CC. Rs.5000 Cost transferred from Department II Rs.30, 000 Cost added: Material Rs. 8,800 Conversion cost Rs.16200 Required: Prepare cost of production report of Department III by Weighted Average
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