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What is the cost of a single, completed unit transferred out of sanding? Sanding department Units WIP, March 1 (100% material: 50% conversion) Units started
What is the cost of a single, completed unit transferred out of sanding?
Sanding department Units WIP, March 1 (100% material: 50% conversion) Units started in March Units completed and transferred to painting WIP, March 31 (100% material, 60% conversion) Costs WIP, March 1 Materials (100% complete) conversion (50% complete) WIP value, March:1 Costs incurred in March 70 200 150 120 $12,000 $60,000 $72,000 $30,000 $145,000 $175,000 $247,000 Materials Conversion Costs incurred in March Total costs Sanding department Units WIP, March 1 (100% material: 50% conversion) Units started in March Units completed and transferred to painting WIP, March 31 (100% material, 60% conversion) Costs WIP, March 1 Materials (100% complete) conversion (50% complete) WIP value, March:1 Costs incurred in March 70 200 150 120 $12,000 $60,000 $72,000 $30,000 $145,000 $175,000 $247,000 Materials Conversion Costs incurred in March Total costsStep by Step Solution
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