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The general ledger of Indigo Company has the following work in process inventory account WORK IN PROCESS INVENTORY-FINISHING 6/1 Balance 10.4006/30 Transferred out 6/1 Materials
The general ledger of Indigo Company has the following work in process inventory account WORK IN PROCESS INVENTORY-FINISHING 6/1 Balance 10.4006/30 Transferred out 6/1 Materials 2,240 6/30 Labor 4,640 6/30 Overhead 3,440 6/30 Balance Production records show that there were 2,400 units in beginning work in process inventory that were 50% complete: 9,600 units started into production, and 5,600 units completed and transferred out. The beginning work in process inventory had conversion costs of $3,248. The units in ending work in process inventory were 60% complete as to conversion costs. Materials are added at the beginning of the process Answer the following questions assuming the company uses weighted average process casting (a) Your answer has been saved. See score details after the due date How many units are in process at June 302 Units in process 6.400 units Attempts: 1 of 1 used (b) What is the unit conversion cost for June? (Round answer to 2 decimal places as 52.75) Conversion cost $ Soverfor the Attempts: 0 of 1 used Sami Awe
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