The Painting Department of Sammy Davis Company has the following production and manufacturing cost data for September. The company applies Weighted Average. Production: Beginning inventory 8,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started into production 27,000; ending inventory of 12,000 units that are 20% complete as to conversion costs. Manufacturing Costs: Beginning work in process inventory of $40,000, comprised of $30,000 of materials and $10,000 of conversion costs. Materials added during the month, $110,000; labor and overhead applied during the month, $62,000 and $55,000, respectively. Instructions: Determine the costs to be assigned to the units transferred out and ending work in process.
The Painting Department of Sammy Davis Company has the following production and manufacturing cost data for September. The company applies Weighted Average. Production: Beginning inventory 8,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started into production 27,000; ending inventory of 12,000 units that are 20% complete as to conversion costs. Manufacturing Costs: Beginning work in process inventory of $40,000, comprised of $30,000 of materials and $10,000 of conversion costs. Materials added during the month, $110,000; labor and overhead applied during the month, $62,000 and $55,000, respectively. Instructions: Determine the costs to be assigned to the units transferred out and ending work in process.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The Painting Department of Sammy Davis Company has the following production and
manufacturing cost data for September. The company applies Weighted Average.
Production: Beginning inventory 8,000 units that are 100% complete as to materials and
40% complete as to conversion costs; units started into production 27,000; ending
inventory of 12,000 units that are 20% complete as to conversion costs.
Manufacturing Costs: Beginning work in process inventory of $40,000, comprised of
$30,000 of materials and $10,000 of conversion costs. Materials added during the
month, $110,000; labor and overhead applied during the month, $62,000 and $55,000,
respectively.
Instructions:
Determine the costs to be assigned to the units transferred out and ending work in
process.
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