Curtis Company produces a common machine component for industrial equipment in t

Question

Curtis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for October. Molding Grinding Finishing Department Department Department Direct materials $71,600 $7,600 $4,900 Direct labor 4,600 11,200 7,600 Applied overhead 7,000 54,400 7,600 During October, 6,000 components were completed. There is no beginning or ending WIP in any department. Required: 1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost. 2. Calculate the unit cost.

Explanation / Answer

Molding Grinding Finishing Department Department Department Direct materials $ 71,600.00 $ 7,600.00 $ 4,900.00 Direct labor $ 4,600.00 $ 11,200.00 $ 7,600.00 Product Transferred in from of prior department $ 83,200.00 $ 156,400.00 Applied overhead $ 7,000.00 $ 54,400.00 $ 7,600.00 Total Manufacturing Cost $ 83,200.00 $ 156,400.00 $ 176,500.00 Product transferred to nex department $ 83,200.00 $ 156,400.00 $ - Total Cost $ 176,500.00 Unit Cost $ 29.42

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