Process Cost Accounting Answers 2

Feb 3rd, 2012
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lastly this file contain 2 answers out of all six in Docx format.....................................................................................................................................................................................................................................

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PROBLEM P5-9Taguchi Manufacturing Co.Cost of Production Summary-MixingFor the Month Ended December 31, 20--Cost of work in process, beginning of month: Materials$1,470 Labor650 Factory overhead565$2,685Cost of production for month: Materials$15,000 Labor4,750 Factory overhead5,24024,990 Total costs to be accounted for$27,675Unit output for month: Finished and transferred to Blending during month13,000 Equivalent units of work in process, end of month (2,000 units, one-fourth completed)500 Total equivalent production13,500Unit cost for month: Materials ($1,470 + $15,000) ? 13,500$1.22 Labor ($650 + $4,750) ? 13,500.40 Factory overhead ($565 + $5,240) ? 13,500.43 Total$2.05Inventory costs: Costs of goods finished and transferred to Blending during month (13,000 $2.05)$26,650 Cost of work in process, end of month: Materials (2,000 1/4 $1.22)$610 Labor (2,000 1/4 $0.40)200 Factory overhead (2,000 1/4 $0.43)2151,025Total production costs accounted for$27,675Taguchi Manufacturing Co.Cost of Production Summary-BlendingFor the Month Ended December 31, 20--Cost of work in process, beginning of month: Cost in Mixing$3,075 Cost in Blending: Materials$240 Labor905 Factory overhead7501,895$4,970Cost of goods received from Mixing during month26,650Cost of production for month:

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