During June, only three units were started, and these were labelled ID061, ID062, and ID063. There was no beginning inventory of any kind on June 1 . Records from the raw material store and employee time records show the following requisitions and direct labor costs The difference in the material cost represents the historical cost of material purchased at different times. The difference in labor cost represents the difference in seniority (not skili) of the individual employees Overhead for the month of June totaled $73,500 During March, ID061 and ID062 were completed and transferred to finished goods. ID063 was still in process on June 30 Required: o. Suppose Saratoga Systems uses a job cost system and applies overhead to products based on direct labor cost What will be the cost of the units transferred to finished goods? What will be the amount in Workin-Process Ending Inventory? b. Suppose Saratoga Systems uses proces5 costing and iD063 was 50 percent complete with respect to conversion cost (direct labor and overhead cost Assume that direct materials cost is not traced to individual units. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in.Process Ending Inventory? c. Based on the provided information, does process costing appear to be sufficient? Complete this question by entering your answers in the tabs below. Suppose Saratoga Systems uses a job cost system and applies overhead to products based on direct labor cost. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in-Process Ending Inventory? Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Suppose Saratoga Systems uses process costing and ID063 was 50 percent complete with respect to conversion cost (direct labor and overhead cost). Assume that direct materials cost is not traced to individual units. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in-Process Ending Inventory? Note: Do not round intermediate calculations. c. Based on the provided intormation, does process costung appear to De surficient! Complete this question by entering your answers in the tabs below. Based on the provided information, does process costing appear to be sufficient? During June, only three units were started, and these were labelled ID061, ID062, and ID063. There was no beginning inventory of any kind on June 1 . Records from the raw material store and employee time records show the following requisitions and direct labor costs The difference in the material cost represents the historical cost of material purchased at different times. The difference in labor cost represents the difference in seniority (not skili) of the individual employees Overhead for the month of June totaled $73,500 During March, ID061 and ID062 were completed and transferred to finished goods. ID063 was still in process on June 30 Required: o. Suppose Saratoga Systems uses a job cost system and applies overhead to products based on direct labor cost What will be the cost of the units transferred to finished goods? What will be the amount in Workin-Process Ending Inventory? b. Suppose Saratoga Systems uses proces5 costing and iD063 was 50 percent complete with respect to conversion cost (direct labor and overhead cost Assume that direct materials cost is not traced to individual units. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in.Process Ending Inventory? c. Based on the provided information, does process costing appear to be sufficient? Complete this question by entering your answers in the tabs below. Suppose Saratoga Systems uses a job cost system and applies overhead to products based on direct labor cost. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in-Process Ending Inventory? Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Suppose Saratoga Systems uses process costing and ID063 was 50 percent complete with respect to conversion cost (direct labor and overhead cost). Assume that direct materials cost is not traced to individual units. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in-Process Ending Inventory? Note: Do not round intermediate calculations. c. Based on the provided intormation, does process costung appear to De surficient! Complete this question by entering your answers in the tabs below. Based on the provided information, does process costing appear to be sufficient
