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Icy Ice-Cream manufactures local ice-cream. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of
Icy Ice-Cream manufactures local ice-cream. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of the period work-in-progress is 15% complete and at the end of the month it is 60% complete. Other data for the month includes: Beginning Work-in-progress inventory 12,800 units Units started 16,000 units Units placed in finished goods 25,600 units Costs added during the period: Cost of direct materials $2,080,000 Conversion costs $1,600 000 Beginning work in progress costs: Materials $1,232,000 Conversion $ 656,640
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