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pls this question is giving me head ache pls help.
all materials are added at the begining of the process.labour cost and production overhead costs are incurred evenly as the product goestrough the process.productio overhead r absorbed at the rate of 100percent of labour costs.
opening inventory of 200 units are 100%complete for materials and 75%complete for labour while closing inventory are 100 units and are 100% complete for materials and 50% complete for labour,opening inventory costs are 1800 for materials and 4000 dollars for labour.
period costs are 19000 for both materials and labour.during the period 2000 units were added to the process,assume no losses use fifo to calc the total valuei would like to help but i didnt get the question :S
Where did you find the question???@queeenshana can you please write how you did it????
All materials are added at the beginning of the process .Labour cost and production overhead costs are incurred evenly as the product goes through the process. Production overhead are absorbed at the rate of 100 percent of labour costs.
Opening inventory of 200 units are 100%complete for materials and 75%complete for labour while closing inventory are 100 units and are 100% complete for materials and 50% complete for labour,opening inventory costs are $1800 for materials and $4000 dollars for labour.
Period costs are $19000 for both materials and labour. During the period 2000 units were added to the process,assume no losses use fifo to calculate the total value.
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