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Question-1: Assign Total Cost to Completed units and Units in Ending Work in process using 5 Steps in Process Costing. Given: Work in process, beginning:
Question-1: Assign Total Cost to Completed units and Units in Ending Work in process using 5 Steps in Process Costing. Given: Work in process, beginning: 100% material; 60% conversion costs Units started in process Units transferred out: Units in ending inventory: 100% material; 50% conversion costs 2025 2475 3600 Beginning inventory Current costs Materials Cost $162,000 178,200 Conversion Cost $72,900 147,420 Question-2: Allocate Joint processing cost of $ 600,000 using Sales value at split off method. 5000 units of X at a selling price of $40 5250 units of Y at a selling price of $100 5,750 units of Z at a selling price of $70 Question-3: Premium Pine Apple Company processes pineapples into Pineapple Syrup, Pineapple Juice and Canned Pineapple. During 2019, the joint cost were $ 2,000,000, Using Estimated Net Realizable Value (NRV) Method, allocate joint cost among joint products from the following information. Syrup: 15,000 Cases having sales price $ 120 Juice: 15750 Cases having sales price $ 198 Canned: 17,250 Cases having sales price $ 210. Additional processing (separable) costs are as follows Syrup: $ 175,000 Juice: $ 232,500 Canned: $ 257,500
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