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Seagren Industries Inc_Process costing_Equivalent units




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.;Cutting Department;Production Data?July Plant;1 T12-Tables Plant 2 C10-Chairs;Work in process;units, July 1 ?0? ?0?;Units started into;production 19,000 16,000;Work in process;units, July 31 3,000 500;Work in process;percent complete 60 80;Cost Data?July;Work in process;July 1 ?0???$ ?0???$;Materials 380,000 288,000;Labor 234,200 110,000;Overhead 104,000 96,700;Total $718,200 $494,700;Instructions;(a);For each plant;1. Compute;the physical units of production.;2. Compute;equivalent units of production for materials and for conversion costs.;3. Determine;the unit costs of production.;4. Show the;assignment of costs to units transferred out and in process.;(b) Prepare;the production cost report for Plant 1 for July 2012.


Paper#37353 | Written in 18-Jul-2015

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