Theinventory at May 1 and the costs charged to Work inProcess--Department B duri
ID: 2433822 • Letter: T
Question
Theinventory at May 1 and the costs charged to Work inProcess--Department B during May for Star Company are asfollows:
10,000 units, 3/5 completed
$ 63,000
From Department A, 52,000 units
104,000
Direct labor
357,500
Factory overhead
147,400
During May, all direct materials are transferred from Department A,the units in process at May 1 were completed, and of the 52,000units entering the department, all were completed except 8,000units which were 3/4 completed. Inventories are costedby the first-in, first-out method.
Prepare a cost of production report for May.
Theinventory at May 1 and the costs charged to Work inProcess--Department B during May for Star Company are asfollows:
10,000 units, 3/5 completed
$ 63,000
From Department A, 52,000 units
104,000
Direct labor
357,500
Factory overhead
147,400
During May, all direct materials are transferred from Department A,the units in process at May 1 were completed, and of the 52,000units entering the department, all were completed except 8,000units which were 3/4 completed. Inventories are costedby the first-in, first-out method.
Prepare a cost of production report for May.
Explanation / Answer
Equivalent Units
Equivalent Units
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