Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 56 views

    Process Costing

    Uploaded by

    Claire Barba
    Wiggles Corporation manufactures chocolate covered marshmallows using a Processing department to add marshmallow and cover it in chocolate, and a Packaging department. In June 2015, 900,000 units were completed while 100,000 units remained 70% completed, with total materials costs of P1,800,000 for marshmallow and P1,350,000 for chocolate, and conversion costs of P1,164,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Process Costing

    Uploaded by

    Claire Barba
    56 views1 page
    Wiggles Corporation manufactures chocolate covered marshmallows using a Processing department to add marshmallow and cover it in chocolate, and a Packaging department. In June 2015, 900,000 units were completed while 100,000 units remained 70% completed, with total materials costs of P1,800,000 for marshmallow and P1,350,000 for chocolate, and conversion costs of P1,164,000.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Wiggles Corporation manufactures chocolate covered marshmallows using a Processing department to add marshmallow and cover it in chocolate, and a Packaging department. In June 2015, 900,000 units were completed while 100,000 units remained 70% completed, with total materials costs of P1,800,000 for marshmallow and P1,350,000 for chocolate, and conversion costs of P1,164,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    56 views1 page

    Process Costing

    Uploaded by

    Claire Barba
    Wiggles Corporation manufactures chocolate covered marshmallows using a Processing department to add marshmallow and cover it in chocolate, and a Packaging department. In June 2015, 900,000 units were completed while 100,000 units remained 70% completed, with total materials costs of P1,800,000 for marshmallow and P1,350,000 for chocolate, and conversion costs of P1,164,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Wiggles Corporation manufactures a chocolate covered marshmallow using two departments,

    Processing and Packaging.

    The first step in the processing Department is to add marshmallow. Conversion costs are assumed to be
    incurred evenly throughout the process. The last step in the Processing Department before going on the
    Packaging is the covering of the marshmallow with chocolate.

    For the month of June, 2015, 900,000 units were completed and at the end of the month, 100,000
    remains in process and are 70% completed. Materials cost incurred, marshmallow- P1,800,000;
    chocolate- P1,350,000, and conversion costs, P1,164,000.

    Required: Prepare a Cost of Production Report.

    You might also like