Conversion Costs: $25,000 Conversion Costs Added: $50,000 REQUIRED: Prepare the Process Cost Schedule for the end of June.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ACCT 121: Managerial Accounting Chapter 3: Tara Treasures had the following information on
June 1st: Beginning Units: 10,000 Units Added during the month: 40,000 Units Completed 35,000
Units NOT completed are 40% complete as to Conversion Costs All Direct Materials are added
100% at the BEGINNING of the manufacturing process: Beginning DM Costs $30,000 DM Costs
added $50,000 Conversion Costs are incurred throughout the manufacturing process: Beginning
Conversion Costs: $25,000 Conversion Costs Added: $50,000 REQUIRED: Prepare the Process
Cost Schedule for the end of June.
Transcribed Image Text:ACCT 121: Managerial Accounting Chapter 3: Tara Treasures had the following information on June 1st: Beginning Units: 10,000 Units Added during the month: 40,000 Units Completed 35,000 Units NOT completed are 40% complete as to Conversion Costs All Direct Materials are added 100% at the BEGINNING of the manufacturing process: Beginning DM Costs $30,000 DM Costs added $50,000 Conversion Costs are incurred throughout the manufacturing process: Beginning Conversion Costs: $25,000 Conversion Costs Added: $50,000 REQUIRED: Prepare the Process Cost Schedule for the end of June.
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