Text Shape Fill - Styles\" Font Compary manufactures living room furniture throu

Question

Text Shape Fill - Styles" Font Compary manufactures living room furniture through two departments: Framing and Upholstering Materials are entered at the beginning of each process. For May, the following oost dats are obtained froen the two work in process accounts 2 50,000 261,000 Materials Conversion costs Costs transferzed in Costs transferred out Work in process, May 31111,000 330,000 600,000 600,000 Inspuctions Answer the following questions o Upholstering, what was the unit cost of materials for May in the Framing Department? (e) Contimuing the assumptious in () above, what is the percentage of completion of the uaits in process at May 31 in the Framing Department? A NOTES

Explanation / Answer

a)Unit Cost of Material($450,000/3000)= $150/Unit b)Per Unit Conversion cost of the Sofa transferred to upholstenning ($261000/3000)=$87/Unit c) Percentage of Completion of unit in process at MAy31 in the framing department (2500/3000)X100= 83.33%

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