Flint Company has the following production data for May: Beginning work in process inventory, O units Units started, 72,400 Ending work in process inventory, 5,900 units that are 100% complete for materials and 60% complete for conversion costs Unit materials cost, $5 • Unit conversion cost, $8 Determine the costs to be assigned to the units completed and transferred out and the number of units in ending work in processinventory Cost assigned to units completed and transferred out $ Cost assigned to the units in ending work in process inventory $ Save for Later
Flint Company has the following production data for May: Beginning work in process inventory, O units Units started, 72,400 Ending work in process inventory, 5,900 units that are 100% complete for materials and 60% complete for conversion costs Unit materials cost, $5 • Unit conversion cost, $8 Determine the costs to be assigned to the units completed and transferred out and the number of units in ending work in processinventory Cost assigned to units completed and transferred out $ Cost assigned to the units in ending work in process inventory $ Save for Later
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Flint Company has the following production data for May:
Beginning work in process inventory, O units
Units started, 72,400
Ending work in process inventory, 5,900 units that are 100% complete for materials and 60% complete for conversion costs
Unit materials cost, $5
•
Unit conversion cost, $8
Determine the costs to be assigned to the units completed and transferred out and the number of units in ending work in processinventory
Cost assigned to units completed and transferred out
$
Cost assigned to the units in ending work in process inventory
$
Save for Later
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