Sandhill Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 19,600 160,720 23,520 60 % 100 % $108,192 $161,504 $180,320

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sandhill Company has gathered the following information. All materials are added at the beginning of the process, and conversion
costs are incurred uniformly throughout the process.
Units in beginning work in process
Units started into production
Units in ending work in process
Percent complete in ending work in process:
Conversion costs
Materials
Costs incurred:
Direct materials
Direct labor
Overhead
19,600
160,720
23,520
60 %
100 %
$108,192
$161,504
$180,320
Transcribed Image Text:Sandhill Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 19,600 160,720 23,520 60 % 100 % $108,192 $161,504 $180,320
(c)
x Your answer is incorrect.
Show the assignment of costs to units completed and transferred out and to work in process at the end of the period.
Completed and transferred out
Ending work in process
156800
341824
Transcribed Image Text:(c) x Your answer is incorrect. Show the assignment of costs to units completed and transferred out and to work in process at the end of the period. Completed and transferred out Ending work in process 156800 341824
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