Process Costing

Fire Out Company manufactures, Vitadrink, through two manufacturing processes:

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Rosenthal Company manufactures bowling balls through two processes: Molding and packaging. In the molding Department, the urethane, rubber, and other materials are molded into bowling balls, In the packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the molding Department during June 2020 are presented below.

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Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion cost are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows.

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Rivera Company has several processing departments. Cpsts charged to the Assembly Department for November 2020 totaled $2,280,000 as follows.

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Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows.

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Hamilton processing Company uses a weighted average process cost system and manufactures a single product an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking Department is shown below.

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Schultz Electronics manufactures two large-screen television models: the Royale which sells for $1,6000, and a new model, the Majestic, which sells for $1,300. the production cost computed per unit under traditional costing for each model in 2020 was as follows..

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Robert Wilkins has prepared the following list of statements about process cost accounting.

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Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process accounts show the following debits.

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The ledger of American Company has the following work in process account.

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