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View Policies Current Attempt in Progress Following is information about the assembly department of a company 1 There were 203,700 units in work in
View Policies Current Attempt in Progress Following is information about the assembly department of a company 1 There were 203,700 units in work in process inventory on August 1. With respect to units transferred in 100% were complete and costs incurred amounted to $126.500. With respect to conversion 80% of the units were compiese and costs incurred amounted to $56,200. 2. 513,400 units were transferred in from the cutting department during August. 3. 586,100 units were completed during August and transferred to the finished goods inventory 4. 5. During August, costs incurred were as follows: $511,719 for units transferred in from cutting $474741 for direct materials used, and $147.140 for conversion costs There are 131,000 units in work in process inventory on Augat 21. With respect to the units transferred in 100% are complete and 70% are complete with respect to conversion Prepare a production cost report. (Round unit costs to 7 decimal places, eg 0.1207345 and all other answers to decimal pla 5,275) Units to be accounted for Work in process inventory Aug 11 307 Units transferred in Caltan MacBook Air Transferred in Direct Materials Units to be accounted for: Work in process inventory, Aug 1 203,700 Units transferred in Units accounted for: Transferred out Work in process inventory. Aug, 31 Costs in August Equivalent units Unit cost Costs to be accounted for 513.400 7171001 MacBook Air Transferred in Direct Materials 586.300 SAL 13000 717 PETUN Costs in August Equivalent units Unit cost Costs to be accounted for Work in process inventory, Aug 1 Started into production Costs to be accounted for Completed and transferred out Work in process inventory, Aug 31 Transferred in Conversion costs MacBook A
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