PROCESS COSTING Your company is a supplier of sand. Your business has 3 processe

Question

PROCESS COSTING Your company is a supplier of sand. Your business has 3 processes: Dredge Sand from the River, Wash Sand to remove impurities, stockpile sand for sale. Over the last year, your company tracked the quantity of sand handled in each of the 3 processes and the total cost of labor, materials and overhead for each process. That information is presented below. Based on the information provided what is the total cost per ton of sand sold for your company. Dredging 1,000,000 tons Washing 1,100,000 tons Stockpile 1,750,000 tons Cost of Labor, Materials and Overhead $350,000 Cost of Labor, Materials and Overhead $500,000 Cost of Labor, Materials and overhead: $100,000 t ot tc b ord c vhat5 the tofal Cos ton ot Send totul cost p ton of Sund lwht Sold

Explanation / Answer

Process Cost per ton Dredging 350000/1000000 = $ .35 Washing 500000/1100000= $ .4545 Stockpile 100000/1750000=.0571 Total cost per ton $ .8616 per ton

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