Prepare cost of production
Can any one help me on this? I'm so confuse...
Problem 3
Nutrition Inc. has the following information from its second department, Encapsulating, for June. Prepare the June cost of production report for Encapsulating.
Unit Data: Quantity
Beginning work in process 300
Transferred in from Heating Department 5,700
Transferred out to Finished Goods 5,600
Ending work in process 400
Stage of Completion
Beginning Ending
Transferred In Prior Department Costs 100% 100%
Materials 90 80
Labor 75 60
Overhead 90 80
Total Equivalent Ending Work in Process
Units Equivalent Units
Transferred In Prior Department Costs 6,000 400
Materials 5,920 320
Labor 5,840 240
Overhead 5,920 320
Beginning
Cost Data: Work in Process Current Month
Transferred In Prior Department Costs $500 $10,000
Materials 80 1,400
Labor 68 1,100
Overhead 76 1,700
