Question
Crane Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production
Crane Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows.
| Cutting Department | ||
|---|---|---|
| Production DataJuly | T12-Tables | |
| Work in process units, July 1 | 0 | |
| Units started into production | 22,800 | |
| Work in process units, July 31 | 3,420 | |
| Work in process percent complete | 60 | |
| Cost DataJuly | ||
| Work in process, July 1 | $0 | |
| Materials | 433,200 | |
| Labor | 267,216 | |
| Overhead | 118,560 | |
| Total | $818,976 |
Compute the physical units of production.
| T12 Tables | ||
|---|---|---|
| Units to be accounted for | ? |
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Performance Auditing Measuring Inputs, Outputs, And Outcomes
Authors: Stephen L. Morgan, Ronell B. Raaum, Colleen G. Waring
3rd Edition
0894139762, 9780894139765
