Question 2. A company's Department 2 costs for June were: Cost from Department 1 Cost added in Department 2: $20,000 Materials 43,415 Labor Factory overhead (FOH) 56,100 58,575 The quantity schedule...

Solve in T-Accounts of:- Quantity Schedule Equivalent Units Produce Per unit Cost Cost of Complete Units Cost of Ending Units


Extracted text: Question 2. A company's Department 2 costs for June were: Cost from Department 1 Cost added in Department 2: $20,000 Materials 43,415 Labor Factory overhead (FOH) 56,100 58,575 The quantity schedule shows 11,500 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost, 25% complete as to Labour cost, and 20% as MOH. Required: Prepare Cost of production report.