Question
Dont Cry Over Spilled Milk, Inc., a manufacturer of mops, uses the weighted average method in its processing costing system.Dont Cry uses a traditional costing
Dont Cry Over Spilled Milk, Inc., a manufacturer of mops, uses the weighted average method in its processing costing system.Dont 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 companys first processingdepartment, Assembly, for June 2018.
Beginning Work in Process | 800 mops, 60% complete with respect to direct materials, 10% complete with respect to conversion |
Costs in Beginning Work in Process | $3712 (of this amount, $1296 is for direct materials) |
Units Started in June | $16,000 mops |
Direct Product Costs Added During June | direct materials $47,076; direct labor $216,213 |
Ending Work in Process | 300 mops, 60% completed with respect to direct materials, 70% completed with respect to conversion |
During June, 75,890 actual machine hours were logged during production.
(round all calculation to 2 decimal places. all answers should include commas and 2 decimal places i.e. 1,000.00 not 1000.)
1) The cost to assemble one mop in June was $____.
2) The cost of goods completed and transferred out of the Assembly department during June equals $_____.
3) The conversion costs included in Work in Process-Assembly at the beginning of July would equal $______.
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