Question
Exercise 16-3 (Part Level Submission) The ledger of American Company has the following work in process account. Work in ProcessPainting 5/1 Balance 3,690 5/31 Transferred
Exercise 16-3 (Part Level Submission)
The ledger of American Company has the following work in process account.
| Work in ProcessPainting | |||||
| 5/1 | Balance | 3,690 | 5/31 | Transferred out | ? |
| 5/31 | Materials | 7,070 | |||
| 5/31 | Labor | 3,230 | |||
| 5/31 | Overhead | 1,680 | |||
| 5/31 | Balance | ? | |||
Production records show that there were 420 units in the beginning inventory, 30% complete, 1,680 units started, and 1,530 units transferred out. The beginning work in process had materials cost of $2,440 and conversion
What is the cost of the May 31 inventory?
Work in process?
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The Corporate Culture Audit
Authors: Nigel Bristow, Sarah J. Sandberg
1st Edition
095597075X, 978-0955970757
