In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $60,000 of materials costs and $45,000 of conversion costs. Materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. During April, 10,000 units were completed and transferred to the finished goods inventory and there were 2,000 units that were 25% complete in the ending work in process inventory on April 30. During April, manufacturing costs charged to the department were: Materials $1,380,000; Conversion costs $1, 530,000. The cost assigned to the units transferred to finished goods during April was
In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $60,000 of materials costs and $45,000 of conversion costs. Materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. During April, 10,000 units were completed and transferred to the finished goods inventory and there were 2,000 units that were 25% complete in the ending work in process inventory on April 30. During April, manufacturing costs charged to the department were: Materials $1,380,000; Conversion costs $1, 530,000. The cost assigned to the units transferred to finished goods during April was
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:In the month of April, a department had
500 units in the beginning work in process
inventory that were 60% complete. These
units had $60,000 of materials costs and
$45,000 of conversion costs. Materials are
added at the beginning of the process and
conversion costs are added uniformly
throughout the process. During April,
10,000 units were completed and
transferred to the finished goods inventory
and there were 2,000 units that were 25%
complete in the ending work in process
inventory on April 30. During April,
manufacturing costs charged to the
department were: Materials $1,380,000;
Conversion costs $1, 530,000. The cost
assigned to the units transferred to finished
goods during April was
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