The Blending Department of Machulak Company has the following cost and production data for the month of April.

Costs:

Work in process, April 1

Direct materials: 100% complete ……..$100,000

Conversion costs: 20% complete …….. 70,000

Cost of work in process, April 1 ……..$170,000

Costs incurred during production in April

Direct materials ………….$ 800,000

Conversion costs ………….. 362,000

Costs incurred in April ……….. $1,162,000

Units transferred out totaled 14,000. Ending work in process was 1,000 units that are 100% complete as to materials and 40% complete as to conversion costs.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *