Exercise 3-15 (b)

Exercise 3-15 (Part Level Submission) Santana Mortgaga Company usas a pocess cost system to accumulate costs in its Application Departmant. when an application is comperad, it is forwarded to tha Loan Department for final processing. The following processing and cost data partain to Septembar. 1. Applications in process on September 1, 130 2. Applicationis started in September, 970 4. Applicabons st " in process at September 30 were 100% complete as to materials (forms) and 60 Begnning Wrp compete as to convers on costs. Direct materials Conversion costs September costs: Direct materials Direct labor $1,580 A,580 Materials are the forms usad in tha applicaton arocoss, and these cots ara incurrad atha beginning af the arocess. Conversian costs are incurred unifcrmly during the aracoss