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KD O cvg.cengagenow.com Login Cengage CengageNOW | Online teachin... Accounting question | Chegg.c. Week 11-Determining the size. 'Hide Feedback Correct "Check My Work Feedback If the costs are very different for each product or batch of products, the job order cost system is more appropriate. APPLY THE CONCEPTS: Determine the Costs for Work in Process and finished Goods In a process cost system, the work in process at the end of the period is the sum of the costs remaining in each department account at the end of the period. In the Doghouse produces a wooden doghouse with a shingled roof. Assume that there are three stages of production at In the Doghouse. The company produces the doghouses in "batches", with one batch equaling ten units. The costs for a batch of ten units at each process are shown in the following table. Complete the table given below: Process Materials $240 $190 $70 Labor 300 350 250 Overhead 90 105 Process Total $ 630 - $ 645 - $ 395 Determine the following: Costs transferred from process B to process C: $ (All production in processes A and B has been completed.) Costs transferred from process C to Finished Goods: $ (All production in processes A, B and C has been completed.) 75 "Hide Feedback Partially Correct "Check My Work Feedback Add up the columns, and then view the costs as accumulating from one process to another, until all costs are reflected in finished goods.Explanation / Answer
1. Costs transferred from process B to process C = $630 + 645 = $1275
Costs transferred from process C to finished goods = $1275 + 395 = $1690
Scenario 3:
Cost of one completed batch = $1690
Cost of four batches started = $6048
Total cost = $7718
Per unit cost
= $7718/ 46
= $167.78
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