Seagren Industries Inc. manufactures in separate processes furniture for homes.
ID: 2420068 • Letter: S
Question
Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows.
Problem 16-3A (Part Level Submission) Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows Cutting Department Plant1 T12-Tables Plant2 C10-Chairs Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 20,900 3,300 60 17,600 550 80 Cost Data-Jul Work in process, July 1 Materials Labor Overhead $0 418,000 257,620 114,400 $790,020 $0 316,800 121,000 106,370 $544,170 TotalExplanation / Answer
3.
Material
Conversions
Total cost
Units cost- T12 Tables
20
17.8
37.8
Units cost- C10- Chairs
18
12.91875
30.91875
4.
T12 Tables
Cost accounted for
Transferred out
665280
Work in process
Material
66000
Conversion cost
58740
124740
Total costs
790020
C10- Chairs
Cost accounted for
Transferred out
527164.70
Work in process
Material
9900
Conversion cost
7105.3
17005.30
Total costs
544170
Material
Conversions
Total cost
Units cost- T12 Tables
20
17.8
37.8
Units cost- C10- Chairs
18
12.91875
30.91875
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.