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An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are: X- P 125,000; Y - P 75,000; Z - P100,000. The freight charges on this shipment of 18,000 pounds total P7,500. Weights for the respective materials are 10,000, 6,000, and 7,500 pounds. Required: 1. Cost per pound to be entered on the stock cards for each materials, based on cost. 2. Cost per pound to be entered on the stock cards for each material, based on shipping weight.

An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are: X- P 125,000; Y - P 75,000; Z - P100,000. The freight charges on this shipment of 18,000 pounds total P7,500. Weights for the respective materials are 10,000, 6,000, and 7,500 pounds. Required: 1. Cost per pound to be entered on the stock cards for each materials, based on cost. 2. Cost per pound to be entered on the stock cards for each material, based on shipping weight.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Cost Accounting 204 Problem 4 An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are: X- P 125,000; Y - P 75,000; Z - P100,000. The freight charges on this shipment of 18,000 pounds total P7,500. Weights for the respective materials are 10,000, 6,000, and 7,500 pounds. Required: 1. Cost per pound to be entered on the stock cards for each materials, based on cost. 2. Cost per pound to be entered on the stock cards for each material, based on shipping weight. Problem 5
Transcribed Image Text:Cost Accounting 204 Problem 4 An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are: X- P 125,000; Y - P 75,000; Z - P100,000. The freight charges on this shipment of 18,000 pounds total P7,500. Weights for the respective materials are 10,000, 6,000, and 7,500 pounds. Required: 1. Cost per pound to be entered on the stock cards for each materials, based on cost. 2. Cost per pound to be entered on the stock cards for each material, based on shipping weight. Problem 5
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