Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Units Costs 44,000 Beginning work in process (22% complete) Direct materials $ 31,000 97,000 $128,000 Conversion cost Total cost of beginning work in process 75,000 ? Number of units started Number of units completed and transferred to finished goods Ending work in process (53% complete) Current period costs Direct materials 75,000 $100,000 153,000 $ 253,000 Conversion cost Total current period costs
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Units Costs 44,000 Beginning work in process (22% complete) Direct materials $ 31,000 97,000 $128,000 Conversion cost Total cost of beginning work in process 75,000 ? Number of units started Number of units completed and transferred to finished goods Ending work in process (53% complete) Current period costs Direct materials 75,000 $100,000 153,000 $ 253,000 Conversion cost Total current period costs
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4CMA: A company is using process costing with the first-in, first-out (FIFO) method, and all costs are...
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