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    justme0722's Avatar
    justme0722 Posts: 1, Reputation: 1
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    #1

    May 7, 2012, 01:25 PM
    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
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    May 7, 2012, 05:45 PM
    Quote Originally Posted by justme0722 View Post
    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
    What are you confused about? Although the way this data displays it would confuse anyone
    Please learn to use tables when displaying data
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