This Website Has Been Moved to a New Link


Loading

E3-3 The ledger of Custer Company

Price: $1.99


E3-3 The ledger of Custer Company has the following work in process account.


Production records show that there were 400 units in the beginning inventory, 30%
complete, 1,400 units started, and 1,500 units transferred out. The beginning work
in process had materials cost of $2,040 and conversion costs of $1,550. The units in
ending inventory were 40% complete. Materials are entered at the beginning of the
painting process.

Instructions
(a) How many units are in process at May 31?
(b) What is the unit materials cost for May?
(c) What is the unit conversion cost for May?
(d) What is the total cost of units transferred out in May?
(e) What is the cost of the May 31 inventory?

No comments:

Post a Comment