Question
Alpha company has the following information WIP 1/1/17- 100,000 units Units Started into production - 575,000 units WIP 12/31/17- 75,000 units Direct material put into
Alpha company has the following information WIP 1/1/17- 100,000 units Units Started into production - 575,000 units WIP 12/31/17- 75,000 units Direct material put into production- $575,000 Conversion costs put into production $843,750 The beginning WIP was 100% complete as to direct materials and 75% as to conversion costs The ending WIP was 100% complete as to direct materials and 50% complete as to conversion costs. The beginning work in process consisted of: Direct material- $943,750 Conversion costs- $303,750 Alpha Company uses weighted average method. Use this information to prepare The Cost allocation section of the cost production report for FY 2017
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