Work in process, (July 1)ª Physical Units (Banners) 600 Direct Conversion Materials Costs $100,000 $2,000 Started in July2020 ? Good units completed and transferred out in July 50,000 Normal spoilage 4,000 Abnormal spoilage 3,500 Work in process, July31b 5,000 Total costs added during July2020 $150,000 $28,000 a Decorepletion: direct materials 100%; conversion costs, 50% b Decoepletion: direct materials, 100% onversion costs 50%
Work in process, (July 1)ª Physical Units (Banners) 600 Direct Conversion Materials Costs $100,000 $2,000 Started in July2020 ? Good units completed and transferred out in July 50,000 Normal spoilage 4,000 Abnormal spoilage 3,500 Work in process, July31b 5,000 Total costs added during July2020 $150,000 $28,000 a Decorepletion: direct materials 100%; conversion costs, 50% b Decoepletion: direct materials, 100% onversion costs 50%
Chapter1: Financial Statements And Business Decisions
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