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Don't Cry Over Spilled Milk, Inc., a manufacturer of mops, uses the weighted average method in its processing costing system. Don't Cry uses a traditional
Don't Cry Over Spilled Milk, Inc., a manufacturer of mops, uses the weighted average method in its processing costing system. Don't Cry uses a traditional costing system in the allocation of its manufacturing overhead (MOH) to production; MOH costs are allocated to production on the basis of machine hours logged during the period. Total estimated MOH for the period was $400,000 and total estimated machine hours were 100,000. The following data concern the operations of the company's first processing department, Assembly, for June 2012. 800 mops, 60% complete with respect to direct materials, 10% complete with respect to conversion Beginning Work in Process Costs in Beginning Work in Process13,712 (f his amount, $1,296 is for direct materials Units Started in June Direct Product Costs Added During June direct materials $47,076; direct labor $216,213 Ending Work in Process 16,000 mops 300 mops, 60% completed with respect to direct materials, 70% complete with respect to conversion round all calculation to 2 decimal places. round final answers to the nearest dollar.) The cost to assemble one mop in June was $ The cost of goods completed and transferred out of the Assembly department during June equals S The conversion costs included in Work in Process-Assembly at the beginning of July would equal $
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