Question
on June 30,16 000units were in processual direct materials had been added, but units were only 70% complete in conversion costs. direct materials costs $8,100
on June 30,16 000units were in processual direct materials had been added, but units were only 70% complete in conversion costs. direct materials costs $8,100 and conversion costs of $11,800 attached at the beginning of inventory. July 405,000 kg of materials were used at cost of$202,500. direct labor charges $299,200 and overhed costs applied during July were $284,000.
the ending work in process inventory was 21,600Kg. all direct materials have been added to those units, and 25% of conversion costs have been assigned. output from the blending department is transferred to the packaging department.
Prepare a process cost report using the FIFO costing method for the blending department for July
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started