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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Moccasin Company produces 15,000 bars of chocolates and has the following cost data for the month of January:
Calculate the costs transferred out of the Molding Department for the month of January. Assume no work-in-process inventories.
Blending Process | Molding Process | |||
Direct materials | $12,000 | $3,000 | ||
Direct labor | 9,000 | 6,000 | ||
Applied |
3,500 | 2,500 |
Calculate the costs transferred out of the Molding Department for the month of January. Assume no work-in-process inventories.
a.$11,500
b.$30,000
c.$24,500
d.$36,000
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