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What are the total costs transferred from Department 2 to Department 3? What is the amount of cost of goods manufactured? Masipag Company produces a
What are the total costs transferred from Department 2 to Department 3?
What is the amount of cost of goods manufactured?
Masipag Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers.. For November 2021, Masipag Company presented the following costs on three processes: Costs incurred: Process 1 Process 2 Process 3 Materials Direct Labor Overhead Materials are added at: 45,000 39,000 31,200 100% at the beginning Started/Transferred In 20,000 units Completed and transferred ou 19,000 units In Process, end 1,000 units 50% complete 38,000 28,275 22,620 50% at beginning, 50% at 60% complete ? 18,500 units 500 units 70% complete 32,895.00 29,240.00 23,392.00 40% at beginning, 30% at 50% complete, and remaining 30% at 80% complete. ? 18,000 units 250 units 40% complete, 250 units 70% complete
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