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Current Attempt in Progress Blossom Inc. manufactures a single product in a continuous processing environment. All materials are added at the beginning of the
Current Attempt in Progress Blossom Inc. manufactures a single product in a continuous processing environment. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. To assign costs to inventories, the company uses weighted-average process costing. The following information was available for 2022: Sales (selling price per unit, $40) $4,568,000 Actual manufacturing overhead 739.200 Selling and administrative expenses 367,360 Unit production costs: Direct materials (1 kilogram) $7.00 Direct labour (1/2 hour) 9.00 Manufacturing overhead 10.00 Total $26.00
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