Question 1:

Foress Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 10,400 units in process that were 100 percent complete with respect to direct material and 50 percent complete with respect to conversion costs (labor and overhead). During the month, the company began production of 100,000 units. Ending Work in Process inventory consisted of 5,100 units that were 100 percent complete with respect to material and 80 percent complete with respect to conversion costs.

Cost Information Direct material Direct labor Manufacturing overhead Total Beginning Work in Process Costs Added in May $5,000 240 $66,760.00 8,510.40 230 8,520.40 $5,470 $83,790.80