basin, uses the First-In First-Out (FIFO) oduced the basin that passes through two Packaging Department. In the Moulding nning of the process. Direct labor and rcentage of completion in the Moulding inning work in process and 70 percent for elated to the Moulding Department during

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prepare process costing production report using :

-FIFO

-Weighted average

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TUTORIAL CHAPTER 5
=}
AB Sdn. Bhd. (ABSB) is a manufacturer of superior basin, uses the First-In First-Out (FIFO)
method in its process costing system. ABSB has produced the basin that passes through two
processing departments: Moulding Department and Packaging Department. In the Moulding
Department, all materials were added at the beginning of the process. Direct labor and
manufacturing overhead were added uniformly. Percentage of completion in the Moulding
Department for conversion costs is 40 percent for beginning work in process and 70 percent for
ending work in process. Units and costs information related to the Moulding Department during
October 2016 was summarized as follows:
Units
Costs
1,800
48,750
Beginning work in process
Units started into production
Units started and completed
Units completed and transferred
Ending work in process
45,900
?
Beginning work in process:
Direct materials costs (RM)
Conversion costs (RM)
Total costs of beginning work in process (RM)
94,575
62.946
157,521
Current period costs:
Direct materials costs (RM)
Conversion costs (RM)
Total current period costs (RM)
234,000
225,285
459,285
REQUIRED:
(a)
Prepare the following for the Moulding Department by using FIFO method:
Page Num: 1 Page: 1/2 Section: 1/1 SetValue: 20.7cm
Row: 38 Column: 1
Words: 297
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Transcribed Image Text:WPS Office W Exercise Chapter 5- PC.docx P topic_5.pptx W MA1 (smithn estrella).docx + Sembag. O Go Premium = Menu Y Page Layout Section Q Click to find commands Home Insert References Review View Tools - A A O I BI U-A- X' X, A- ab - A - A L Cut = A. 21 9 AaBbCcDd AaBbCcI AaBbCcl AaBbCcD Times New Roman - 12 O Copy Format k E, Q- 8 - Default Par... Body Tex. New Style Find and Select Replace Body Text List Pa... Paste Text Tools Settings Student Tools Painter TUTORIAL CHAPTER 5 =} AB Sdn. Bhd. (ABSB) is a manufacturer of superior basin, uses the First-In First-Out (FIFO) method in its process costing system. ABSB has produced the basin that passes through two processing departments: Moulding Department and Packaging Department. In the Moulding Department, all materials were added at the beginning of the process. Direct labor and manufacturing overhead were added uniformly. Percentage of completion in the Moulding Department for conversion costs is 40 percent for beginning work in process and 70 percent for ending work in process. Units and costs information related to the Moulding Department during October 2016 was summarized as follows: Units Costs 1,800 48,750 Beginning work in process Units started into production Units started and completed Units completed and transferred Ending work in process 45,900 ? Beginning work in process: Direct materials costs (RM) Conversion costs (RM) Total costs of beginning work in process (RM) 94,575 62.946 157,521 Current period costs: Direct materials costs (RM) Conversion costs (RM) Total current period costs (RM) 234,000 225,285 459,285 REQUIRED: (a) Prepare the following for the Moulding Department by using FIFO method: Page Num: 1 Page: 1/2 Section: 1/1 SetValue: 20.7cm Row: 38 Column: 1 Words: 297 M Spell Check 90% - 12:09 AM O Type here to search 15/04/2021
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