Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion Assume materials are added at the start of processing. $ 80,000 24,000 $ 104,000 46,000 60,000 ? $ 161,000 $ 123,000 140,000 $ 263,000

Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion Assume materials are added at the start of processing. $ 80,000 24,000 $ 104,000 46,000 60,000 ? $ 161,000 $ 123,000 140,000 $ 263,000

Name: Badgersize Company has the following information for its Forming Depa
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Description: Badgersize Company has the following information for its Forming Department for the month of August:Work in Process Inventory, August 1: 20,000 unitsDirect materials: 100% completeConversion: 20% completeBalance in work in process, August 1Units sta

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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