Question
The Mercer Corporation prepared the following production cost report for Department 1 for October of the current year. Physical Units Work in process inventory, October
The Mercer Corporation prepared the following production cost report for Department 1 for October of the current year.
|
| Physical Units |
| Work in process inventory, October 1 | 0 units |
| Units started in production in October | 7,800 units |
| Units transferred to finished goods inventory during October | 7,000 units |
Costs incurred in December:
- Direct materials $24,192
- Direct labor and manufacturing overhead $53,070
Work in process inventory on October 31 is 70% complete as to direct materials and 40% complete as to conversion costs.
The Mercer Corporation prepared the following production cost report for Department 1 for October of the current year.
|
| Physical Units |
| Work in process inventory, October 1 | 0 units |
| Units started in production in October | 7,800 units |
| Units transferred to finished goods inventory during October | 7,000 units |
Costs incurred in December:
- Direct materials $24,192
- Direct labor and manufacturing overhead $53,070
Work in process inventory on October 31 is 70% complete as to direct materials and 40% complete as to conversion costs.
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An Environmental Audit Primer Student Guide
Authors: Velsoft Training Materials, Inc.
1st Edition
1774550393, 978-1774550397
