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Dorman Music Corporation manufactures guitars and uses a FIFO process costing system. The following information relates to September production Number of units Percent Complete with
Dorman Music Corporation manufactures guitars and uses a FIFO process costing system. The following information relates to September production Number of units Percent Complete with Respect to Conversion costs 10,60e 20% Work in process, September 1 Units started into production work in process, September 30 45,000 4,000 Conversion cost in work in process on September 1 Conversion cost added to production during September Total cost $ 32,000 842,400 $874.469 The amount of conversion cost that should be assigned to the guitars in work in process on September 30 is closest to Round your intermediate calculations to 2 decimal places.)
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