Question

WoW Chemical Company uses a process costing system with two departments: (a) a Mixing Department, and (b) a Packing Department. During May, its first month of operations, the company generated $180,000 in revenue by manufacturing and selling 800 cases of chemicals. Related manufactured costs are as follows Packing $1,000 $8,000 Mixing Department Department Direct materials Direct labor Manufacturing overhead. $26,000 $8,000 $12,000 $14,000 1 Refer to the above data. The unit cost of a case processed in the Mixing Department in May was a $230 b $57.50 c $73.50 d Some other amount. 2 Refer to the above data. The unit cost of a case incured by the Packing Department in May was a $73.50 b $57.50 c $28.75 d Some other amount. Refer to the above data. The total cost of all cases transferred to finished goods in May was a $74,200 b $69,000 c S63,600 d Some other amount 3 Refer to the above data. The gross profit (sales minus cost of goods sold) on chemicals sold in May was a $64,000 b $70,000 c $111,000 d Some other amount. 4 5 Refer to the above data. The unit cost of a case charged to cost ofgoods sold in May was a $80 b $65.50 c $86.25 d Some other amount.

Answer 1