1. Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE Beginning work in process was 20% complete in March and 65% complete in April. Ending work in process was 50% complete in March and 30% complete in April March April $1,100,310 Direct materials costs $965,460 Direct labor costs Manufacturing overhead applied Total manufacturing costs Units in beginning work in process Units transferred to finished goods Units in ending work in process 2,300,260 3,001,940 3,520,640 3,601,030 $6,786,360 $7,703,280 3,800 6,000 17,500 22,000 4,500 6,100

1. Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE Beginning work in process was 20% complete in March and 65% complete in April. Ending work in process was 50% complete in March and 30% complete in April March April $1,100,310 Direct materials costs $965,460 Direct labor costs Manufacturing overhead applied Total manufacturing costs Units in beginning work in process Units transferred to finished goods Units in ending work in process 2,300,260 3,001,940 3,520,640 3,601,030 $6,786,360 $7,703,280 3,800 6,000 17,500 22,000 4,500 6,100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Solve question number 12 in part a with steps. The subject is Managerial Accounting.