Kimball Company is a cosmetics manufacturer. Its assembly department receives ra

Question

Kimball Company is a cosmetics manufacturer. Its assembly department receives raw cosmetics from the molding department. The assembly department places the raw cosmetics into decorative containers and transfers them to the packaging department. The assembly department’s Work in Process Inventory account had a $40,000 balance as of August 1. During August, the department incurred raw materials, labor, and overhead costs amounting to $36,000, $42,500, and $40,000, respectively. The department transferred products that cost $171,000 to the packaging department. The balance in the assembly department’s Work in Process Inventory account as of August 31 was $41,500. Required Determine the cost of raw cosmetics transferred from the molding department to the assembly department during August.

Explanation / Answer

Calculate Determine the cost of raw cosmetics transferred from the molding department to the assembly department during August.

So answer is $54000

Department transferred 171000 Ending work in process 41500 212500 Less; Beginning work in process -40000 Raw material -36000 Labour -42500 Overhead -40000 Cost of raw cosmetics transferred from molding to assembly 54000

Related Questions

Navigate

• Browse (All)
• Browse K
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.