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A B D E F H 3 Arctic Goose is a manufacturer of winter clothing. This problem will focus on the knitting department, one of
A B D E F H 3 Arctic Goose is a manufacturer of winter clothing. This problem will focus on the knitting department, one of six departments in the manufacturing process. The following information for June 2020 is available. 4. 5 physical units (tons) transferred in costs DM costs conversion costs total costs 5 beginning inventory 60 $80,000 $8,500 $30,000 $118,500 7 transferred in during June 115 3 $117,000 ending inventory 45 degree of completion end inv 100.0% 40.0% 60.0% 0 costs added during June $29,300 $ 64,600 1 2 The key to this problem is to show your work in a clear and logical manner. You can place that work after question #4. 3 4 (1) Calculate DM and conversion costs transferred out during June (4 points) 5 6 transferred in costs DM costs conversion costs 7 costs transferred out 8 9 (2) Calculate DM and conversion costs in ending inventory. (4 points) 0 1 transferred in costs DM costs conversion costs 2 costs in end inv
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