Question
Trump Corporation manufactures paint that goes through four processing stages before it can be packaged and sold in 4 litre cans. Below is the information
Trump Corporation manufactures paint that goes through four processing stages before it can be packaged and sold in 4 litre cans. Below is the information relating to the first department, Mixing, for the month of June:
Production data:
On June 1, there were 30,000 units in process that were 80% completed as to materials, 40% completed as to labour and 20% completed as to manufacturing overhead.
During the month of June, 220,000 units were started in production and 200,000 units were transferred out of the Mixing department and were sent to the next department.
The units that remained in the Mixing department at the end of June were 60% completed as to materials, 20% completed as to labour and 10% completed as to manufacturing overhead.
Cost data: Materials Labour MOH
Work in process inventory, June 1: $4,000 $4,800 $12,000
Costs added during June: 320,000 48,000 140,000
Required:
Prepare the cost of production report for the Mixing Department for the month of June. Dupont uses the weighted average cost method in all its departments.
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