Continuation of 17-19. Degree of completion: direct materials, 90%; conversion costs, 40%. Degree of completion: direct materials,
Question:
Degree of completion: direct materials, 90%; conversion costs, 40%.
Degree of completion: direct materials, 60%; conversion costs, 30%.
The Assembly Division uses the weighted-average method of process costing.
REQUIRED
For the data in Exercise 17-19, summarize total costs to account for, and assign these costs to units completed (and transferred out) and to units in ending work in process.
Transcribed Image Text:
Physical Units Direct Conversion (satellites) Materials Costs 5,426,960 1,001,440 Beginning work in process (May )* Started in May 2012 Completed during May 2012 Ending work in process (May 31) Costs added during May 2012 51 12 $35,420,000 S15,312,000
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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