Process Costing Oholics, Ltd., produces chocolate that it sells to candy makers. On April 1, it had no work-in-process inventory. It started production of 40,000 pounds of chocolate in April and completed production of 38,000 pounds. The costs of the resources used by Oholics in April consist of the following: 11eb7cd0_6551_bf90_ba5d_61adf94c3dbf_SM1700_00 Required The production supervisor estimates that the ending work in process is 60 percent complete on April 30. Compute the cost of chocolate completed and the cost of the chocolate in work-in-process ending inventory as of April 30.

Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

النسخة 2الرقم المعياري الدولي: 978-0077274993

Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

النسخة 2الرقم المعياري الدولي: 978-0077274993

تمرين 30

Process Costing
Oholics, Ltd., produces chocolate that it sells to candy makers. On April 1, it had no work-in-process inventory. It started production of 40,000 pounds of chocolate in April and completed production of 38,000 pounds. The costs of the resources used by Oholics in April consist of the following:

Required
The production supervisor estimates that the ending work in process is 60 percent complete on April 30. Compute the cost of chocolate completed and the cost of the chocolate in work-in-process ending inventory as of April 30.

التوضيح

موثّق

Compute ending inventory as on April 30:...