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Polyester fiber purchased $ 639,000 Conversion cost incurred $ 1,566,000 Direct materials standard cost $ 3.50 per yard of cloth Conversion standard cost $ 7.65
| Polyester fiber purchased | $ | 639,000 | |
| Conversion cost incurred | $ | 1,566,000 | |
| Direct materials standard cost | $ | 3.50 | per yard of cloth |
| Conversion standard cost | $ | 7.65 | per yard of cloth |
| Units produced | 169,000 | yards of cloth | |
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The beginning inventory of polyester fiber was $150,500, and the ending inventory was $186,900.
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Auditing And Other Assurance Services
Authors: Alvin Arens, James Loebbecke, W Lemon, Ingrid Splettstoesser
9th Canadian Edition
0130091243, 978-0130091246
