The flowchart below shows the August production activity of the punching and bending departments of Wire Box
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Punching Beginning work in process $7,500 Direct materials $60,000 Direct labor $12,000 Factory overhead $15,000 Total costs in process inEnding work punching departmentin process $6,000 Costs transferred to bending Bending Beginning work in process $9,750 Direct materials 2 Direct labor $30,750 Factory overhead $36,900 Total costs in process in bending department $249,150 Ending work in process $12,750 Costs transferred to finished goods Warehouse Ending inventory Beginning Cost of goods ntoryavailable for sale $18,000 nve Cost of goods sold $231,900
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Punching Direct Materials 60000 Direct Labor 12000 Factory Overhead 15000 Costs transferred to bendi...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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