The inventory at June 7, 2012 and the costs charged to Work in Process-- Decembe
ID: 2370409 • Letter: T
Question
The inventory at June 7, 2012 and the costs charged to Work in Process-- December B during April for Haw Company are as follows:
500 units, 60% completed $3460
from Deparment A, 10,000 units 36,300
Direc Labor 7,960
Factory Over head 12,500
During June, all direc material are transffred from Dept. A, the units in process at June 1 were completed, and of the 10,000 units entering the department, all were completed except 1,200 units which were 25% completed as to the conversion costs. Inventories are costed by teh FIFO method.
Prepare a cost of production Report for June
Explanation / Answer
inventory cost =300 $
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