Question
Badgersize Company has the following information for its Forming Department for the month of August: Work in Process Inventory, August 1: 20,000 units Direct materials:
Badgersize Company has the following information for its Forming Department for the month of August:
| Work in Process Inventory, August 1: 20,000 units | ||||||||
| Direct materials: 100% complete | $ | 80,000 | ||||||
| Conversion: 20% complete | 24,000 | |||||||
| Balance in work in process, August 1 | $ | 104,000 | ||||||
| Units started during August | 52,000 | |||||||
| Units completed and transferred in August | 59,000 | |||||||
| Work in process (70% complete), August 31 | ? | |||||||
| Costs charged to Work in Process in August | ||||||||
| Direct materials | $ | 154,000 | ||||||
| Conversion costs: | ||||||||
| Direct labor | $ | 113,000 | ||||||
| Overhead applied | 138,000 | |||||||
| Total conversion | $ | 251,000 | ||||||
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Process Driven Comprehensive Auditing A New Way To Conduct ISO 9001 2008 Internal Audits
Authors: Paul C. Palmes
2nd Edition
0873897544, 978-0873897549
