Raheem & Co uses process costing. Cost and additional information of first department for the month of Dec?
Raheem & Co uses process costing. Cost and additional information of first department for the month of December is given below: Units Units in opening work in process (100% completed as per direct material and 65% completed with conversion cost) 200 Units put into process 11,800 Units completed & transferred out 6,800 Units loss- Abnormally (Completed 100% as par direct material and 50 % as par conversion cost) 1,800 Normal loss 700 Remaining units were still in process ? Additional information: v Cost incurred on opening work in process Direct Material Rs. 6,600, Direct Labor Rs. 4,500 and FOH Rs.2, 900. v Cost incurred by the department (Direct material Rs. 33,400, Direct labor Rs. 18,500 and FOH Rs. 10,100) v The still in process units were completed 100 % as per direct material and for conversion cost 20 % of Units were 40 % completed 30 % of Units were 20 % completed Balance of the Units was 30 % completed. Read more: MGT402 GDB Solution & Discussion
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