A Process has an opening work in process of 1200 units for the month costing RO.3600. (80% completion on material, 50% on labor and 100% on overheads) 3000 additional units introduced in the month and direct material, labor and overhead costs are Ro. 6000, Ro. 4000 and. Ro. 2000 respectively. At the end of the month, 3600 units were completed an transferred to next process and balance units are closing work in process. (50% completed for labor, 60% completed for material 20% completed for overhead.) There is no process loss in the account. You are required to prepare process account.

A Process has an opening work in process of 1200 units for the month costing RO.3600. (80% completion on material, 50% on labor and 100% on overheads) 3000 additional units introduced in the month and direct material, labor and overhead costs are Ro. 6000, Ro. 4000 and. Ro. 2000 respectively. At the end of the month, 3600 units were completed an transferred to next process and balance units are closing work in process. (50% completed for labor, 60% completed for material 20% completed for overhead.) There is no process loss in the account. You are required to prepare process account.

Name: A Process has an opening work in process of 1200 units for the month
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Description: A Process has an opening work in process of 1200 units for the month costing RO.3600.(80% completion on material, 50% on labor and 100% on overheads) 3000 additional unitsintroduced in the month and direct material, labor and overhead costs are Ro.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 6E: The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000...

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