Question
The ledger of American Company has the following work in process account. Work in ProcessPainting 5/1 Balance 3,690 5/31 Transferred out ? 5/31 Materials 7,070
The ledger of American Company has the following work in process account.
Work in ProcessPainting | |||||
5/1 | Balance | 3,690 | 5/31 | Transferred out | ? |
5/31 | Materials | 7,070 | |||
5/31 | Labor | 3,230 | |||
5/31 | Overhead | 1,680 | |||
5/31 | Balance | ? |
Production records show that there were 420 units in the beginning inventory, 30% complete, 1,680 units started, and 1,530 units transferred out. The beginning work in process had materials cost of $2,440 and conversion costs of $1,250. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.
What is the total cost of units transferred out in May? (Round answer to 0 decimal places, e.g. 1,225.)
The total cost of units transferred out in May | ? |
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