Pousd meBUS2102-Fall 2017- Chapter 6 Fun & Exciting Exercissnd ELw kound everything to I decimals places if needed, except for final answers c Exercise 1) Aussie Yan Co. is a U.S. producer of woolen yarn made from wool impo Australia. Raw wool is processed, spun, and finished before being shipped out to kniting weaving companies. Material is added in the beginning of processing and conversionc added evenly throughout processing. g and Aussie began the month of August with 5,000 units in process that were 100 percent complete as to materials and 60 percent complete as to labor and overhead. They start units into production during the month of which 6,000 remained in ending work in process inventory and we re 40 percent complete as to conversion costs. The cost data are as follows: Beginning work in process: Direct materials Direct labor Manufacturing overhead $ 1,450 $ 4,000 s 1,050 Costs added during August: Direct materials Direct labor $22,280 $ 9,990 Manufacturing overhead $11,522 Required Prepare a production cost report for the month of August. Exercise 2) At the start of October, Dilbert Pure Extract had work in process inventory consisting of 2,000 units that were 90 percent complete with respect to materials and 50 p complete with respect to conversion costs. The cost of the units was $13,500 ($9,000 of material cost and $4,500 of labor and overhead). During October, the company started 40,000 units and incurred $202,090 of material cost and S185,940 of labor and overhead. Th completed 41,000 units during the month and 1,000 The units in ending work in process percent complete with respect to conversion costs e company units were in process at the end of October. were 80 percent complete with respect to materials and 40 Required Prepare a production cost report for the month of October