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The Barrington Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion. Information on work in the first department, Cutting,
The Barrington Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion. |
Information on work in the first department, Cutting, is given below for May: |
Production data: | ||
Pounds in process, May 1: materials 100% complete; conversion 90% complete | 73,000 | |
Pounds started into production during May | 380,000 | |
Pounds completed and transferred to the next department | ? | |
Pounds in process, May 31: materials 80% complete; conversion 20% complete | 33,000 | |
Cost data: | ||
Work in process inventory, May 1: | ||
Materials cost | $ | 111,600 |
Conversion cost | $ | 55,800 |
Cost added during May: | ||
Materials cost | $ | 580,320 |
Conversion cost | $ | 306,810 |
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The company uses the weighted-average method.
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