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Ivanhoe Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the
Ivanhoe Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. 17,200 141,040 20,640 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 60 % 100 % $ 87,032 $ 141.728 $ 158,240 Search 0 i 57F Cloudy hp) (c) Show the assignment of costs to units completed and transferred out and to work in process at the end of the period. Completed and transferred out $ Ending work in process
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