Chapter 5, Problem 5.7SE

Summarize total costs to account for (process costing Step 3) (Learning Objective 3)

Kushner Company’s Work in Process Inventory account had a $61,000 beginning balance on March 1 ($36,000 of this related to direct materials used during February, while $25,000 related to conversion costs incurred during February). During March, the following costs were incurred in the department:

Direct materials used	$107,000
Direct labor	$ 18,000
Manufacturing overhead allocated to the department	$150,000

Summarize the department’s “Total costs to account for.” Prepare a schedule that summarizes the department’s total costs to account for by direct materials and conversion costs.