Julio Autoshop Transportation has the following cost and production data for the

Question

Julio Autoshop Transportation has the following cost and production data for the month of April.

The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of process.
     Costs pertaining to the month of April are as follows:

Beginning WIP
18,000 units
Started in production
104,000 Completed production
94,000 Ending WIP
28,000 Determining the costs to be assigned to the units transferred out and in ending work in process?

Explanation / Answer

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