Burkhart-Problem 5-6 and 5-7

Burkhart-Problem 5-6 and 5-7 - Brittany Burkhart Problem...

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Brittany Burkhart Problem 5-6 Harmon Corporation Cost of Production Summary-Cutting For the Month Ended in May Cost of Work in Process, Beginning of Month: Materials 5000 Labor 6450 Factory Overhead 3550 15000 Cost of Production for Month: Materials 37000 Labor 45000 Factory Overhead 50000 132000 147000 Unit output for month: Finished and transferred to grinding during month 15000 Finished and On Hand 5000 wip,ending(5000*.20) 1000 Total equivalent production 21000 Unit cost for month: Materials [(5000+37000)/21000] 2 Labor [(6450+45000)/21000] 2.45 Factory Overhead [(3550+50000)/21000] 2.55 Total 7 Inventory Costs: Cost of goods finished and transferred to grinding during month(15000*7) 140000 Cost of work in process, end of month: Materials (5000*1/5*2) 2000 Labor (5000*1/5*2.45) 2450 Factory Overhead (5000*1/5*2.55) 2550 7000 Total production costs accounted for 147000 Harmon Corporation Cost of Production Summary-Grinding For the Month Ended in May Cost of work in process, beginning of month-Grinding:
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This note was uploaded on 11/29/2009 for the course ACC ACC300 taught by Professor Jones during the Spring '09 term at Central Pennsylvania.

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Burkhart-Problem 5-6 and 5-7 - Brittany Burkhart Problem...

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