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the yellow boxes need to be filled and blanks please! 1 3 The I See The Light Company has a related company that produces the
the yellow boxes need to be filled and blanks please! The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout. Month of January Selected information for January is presented below. Note that the applied overhead rate was of direct labor costs in the molding department. Molding Department Goods inprocess as of January were figurines at a cost of $ Of this amount, $ was from raw materials added, $ for labor and $ for overhead. These figurines were assumed to be complete as to labor and overhead. During January, units were started, $ of materials and $ of labor costs were incurred. The figurines that were inprocess at the end of January were assumed to be complete to labor and overhead. All figurines in January passed inspection. MOLDING Physical Flow of Units WorkinProcess Beginning Units Started this Period Units to Aceount for Total transferred out WorkinProcess Ending Total coounted for table$ tableTotal cost of Material this period Round to two places,,,,,,
the yellow boxes need to be filled and blanks please!
The I See The Light Company has a related company that produces the figurines. They use process costing
in the molding department. The factory overhead is applied at a rate of of direct labor dollars.
The material is added at the beginning of the process. The labor and overhead costs are assumed
to be added uniformly throughout.
Month of January
Selected information for January is presented below. Note that the applied overhead rate was of direct labor costs in the molding department.
Molding Department
Goods inprocess as of January were figurines at a cost of $ Of this amount, $ was from raw materials added, $ for labor and $ for overhead. These figurines were assumed to be complete as to labor and overhead.
During January, units were started, $ of materials and $ of labor costs were incurred.
The figurines that were inprocess at the end of January were assumed to be complete to
labor and overhead.
All figurines in January passed inspection.
MOLDING
Physical Flow of Units
WorkinProcess Beginning
Units Started this Period
Units to Aceount for
Total transferred out
WorkinProcess Ending
Total coounted for
table$
tableTotal cost of Material this period Round to two places,,,,,,
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