Cullumber Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete as to conversion, July 31 Cost Data-July Work in process, July 1 Direct materials used in July Direct labor incurred in July Manufacturing overhead assigned in July Total Total equivalent units Cutting Department T12-Tables Materials Compute equivalent units of production for materials and for conversion costs. 0 21,200 3,180 60% 402,800 $0 248,464 Conversion Costs 110,240 $761,504

Cullumber Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete as to conversion, July 31 Cost Data-July Work in process, July 1 Direct materials used in July Direct labor incurred in July Manufacturing overhead assigned in July Total Total equivalent units Cutting Department T12-Tables Materials Compute equivalent units of production for materials and for conversion costs. 0 21,200 3,180 60% 402,800 $0 248,464 Conversion Costs 110,240 $761,504

Name: Cullumber Industries Inc. manufactures dorm furniture in separate pro
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Description: Cullumber Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning,and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as

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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