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28 Sep 2019
E6-7 Page 351 Calculating unit costs; units lost in production Gray Brothers Products Inc. manufactures a liquid product in one department. Due to the nature of the product and the process, units are regularly lost at the beginning of production. Materials and labor and overhead costs are added evenly throughout the process. The following summaries were prepared for the month of January: Production Summary Started in process 10,000 Finished and transferred to the stockroom 8,000 In process, end of the month 1,000 Stage of completion 1/2 Lost in process 1,000 Cost Summary Materials $132,000 Labor $33,000 Factory overhead $20,625 Compute the total cost of units to transfer to finished goods.
E6-7 Page 351 Calculating unit costs; units lost in production Gray Brothers Products Inc. manufactures a liquid product in one department. Due to the nature of the product and the process, units are regularly lost at the beginning of production. Materials and labor and overhead costs are added evenly throughout the process. The following summaries were prepared for the month of January: Production Summary Started in process 10,000 Finished and transferred to the stockroom 8,000 In process, end of the month 1,000 Stage of completion 1/2 Lost in process 1,000 Cost Summary Materials $132,000 Labor $33,000 Factory overhead $20,625 Compute the total cost of units to transfer to finished goods.
Jean KeelingLv2
29 Sep 2019
