Question
Petosky wheelright company makes wheel bearings in two process center manufacturing operation. April production data for the fabricating, the second department are presented below: Beginning
Petosky wheelright company makes wheel bearings in two process center manufacturing operation. April production data for the fabricating, the second department are presented below:
Beginning WIP inventory : 60.000 units with all materials added and 60% conversion completed.
Beginning WIP inventory cost: 9000 for direct materials, 8100 for conversion
There were 30000 units started in April
Direct material costs for April were &50400
April conversion costs were & 60.300
Ending WIP : 10.000 units with all materials added and 25% conversion completed
Weighted average inventory method must be used
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
