Part I- Exercise cost per order(Value: 14 points)

Accounting records indicate certain balances in the inventory accounts for the 20xx:

	1/1/xx	12/31/xx
Material Inventory	$21,000	$16,000
Inventory of products in process (Work in Process)	-0-	$23,000
Finished Product Inventory	$13,000	$27,000

Other data (apply to the period from 1/1/xx to 31/12/xx)

• The prime costs were $3,63,000.
• It was purchased in materials 10 times the amount of what was in material inventory at the beginning of the year.
• Direct Labor costsaccount for 40% of conversion costs which were $3,7,000.
• The company generates, on average, 35% of gross profit (Gross Margin).

Required:

1. Calculate the following items for the 20xx:
   1. Direct Materials Used
   2. Direct Labor Cost
   3. Factory indirect costs incurred (Manufacturing Overhead)
   4. Cost of Goods Manufactured
   5. Unit cost (2.0 00 units are produced)
   6. Sales of the period
   7. Cost of goods sold

Note: You can prepare the State of the cost of manufactured goods as a basis for your answer, but it is not necessary.

Part II- Procedural cost(Value: 10 points)

The Alcanza Corp. adds the materials at the beginning of its production process and the conversion costs add them uniformly. At the beginning of June 20xx the inventory in process had 25% completion; at the end of the month it had 60% completion. Other important data are disclosed below:

Initial inventory of goods in process	1.400 units
Units started during the period	3.600 units
Units completed during the period	3.800 units
Conversion costs	$5 30,000
Direct materials used	$2 95,000
Initial inventory costs
Materials	$125,000
Conversion	$190,000

Required:

1. Prepare the cost report for the month of June 20xx.