Cullumber Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the neginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Percent Production Data-Basketballs Units Complete Work in process units, July 1 460 60 % Units started into production 1,150 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $800 Conversion costs 600 $1,400 2,098 Direct materials 200 Direct labor 1,450 Manufacturing overhead

Cullumber Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the neginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Percent Production Data-Basketballs Units Complete Work in process units, July 1 460 60 % Units started into production 1,150 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $800 Conversion costs 600 $1,400 2,098 Direct materials 200 Direct labor 1,450 Manufacturing overhead

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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