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165 zither co manufactures a product called zens in a three process series all mater 4298953

 

165. Zither Co. manufactures a product called Zens in a three-process series. All materials are introduced at the beginning of the first process. Zither uses the first-in, first-out method of inventory costing. Unit and cost data for the first process (Department A) for the month of October 2012 follow:
 

Conversion

Units

Completion

Cost

Work in process inventory:

 

 

 

  October 1

12,000

60%

$140,400

  October 31

  5,000

40%

?

Started in October

14,000

 

 

  Direct materials cost

 

 

  106,400

  Conversion cost

 

 

    70,310

Completed in October

21,000

 

?

 

 

 

 

Prepare Zither's Department A cost of production report for October. 

 

 

166. The inventory at April 1, 2012, and the costs charged to Work in Process–Department B during April for Zarley Company are as follows:
 

1,200 units, 40% completed

$  47,800

From Department A, 26,000 units

845,000

Direct labor

312,000

Factory overhead

176,770

 

 

During April, all direct materials are transferred from Department A, the units in process at April 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs.  Inventories are costed by the first-in, first-out method.

Prepare a cost of production report for April. 

 

 

 

 

 

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