16-2

Expand Your Critical Thinking 16-2 Harris Furniture Company manufactures living room furniture through two departments: Framing and Upholstering. Materials are entered at the beginning of each process. For May, the following cost data are obtained from the two work in process accounts. Framing Upholstering Work in process, May 1 Materials Conversion costs Costs transferred in Costs transferred out Work in process, May 31 $0 s? 450,000 261,000 330,000 600,000 600,000 111,000 Answer the fol lowing questions If 3,000 sofas were started into production on May 1 and 2,500 sofas were transferred to Upholstering, what was the unit cost of materials for May in the Framing Department? Unit cost of materials for mays Using the data in (a) above, what was the per unit conversion cost of the sofas transferred to Upholstering? Conversion cost per unit per unit Continuing the assumptions in (a) above, what is the percentage of completion of the units in process at May 31 in the Framing Department? (Round answer to O decimal places, eg, 25%.) Percentage of completion of units in process Click if you would like to Show Work for this question: Work