1. Cost of goods manui ed; prime and converslon costs. Mat Company's Purchases of materials during March totaled $110,000, and the cost of goods sold for (3) Compute the conversion cost charged to work in process during March. larch was $345,000. Factory overhead was 50% of direct labor cost. Other inlormation Parchases of materials during March totaled $110,000, and the cost of pertaining to Mat Company's inventories and production tor March is as Beginning Ending $102,000 40,000 20,000 Inventories: Finished goods.. Work in process.. Materials... $105,000 36,000 26 000 ..... Required: (1) Prepare a schedule of cost of goods manutactured for March (2) Compute the prime cost charged to work in process during March. (3) Compute the conversion cost charged to work lin process during March

1. Cost of goods manui ed; prime and converslon costs. Mat Company's Purchases of materials during March totaled $110,000, and the cost of goods sold for (3) Compute the conversion cost charged to work in process during March. larch was $345,000. Factory overhead was 50% of direct labor cost. Other inlormation Parchases of materials during March totaled $110,000, and the cost of pertaining to Mat Company's inventories and production tor March is as Beginning Ending $102,000 40,000 20,000 Inventories: Finished goods.. Work in process.. Materials... $105,000 36,000 26 000 ..... Required: (1) Prepare a schedule of cost of goods manutactured for March (2) Compute the prime cost charged to work in process during March. (3) Compute the conversion cost charged to work lin process during March

Name: ' 1. Cost of goods manuiu/d; prime and converslon costs. Mat Company'
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Description: ' 1. Cost of goods manuiu/d; prime and converslon costs. Mat Company'spertaining to Mat Company's inventories and production tor March is as folluws:urchases of materials during March totaled $110,000, and the cost of goods sold forlarch was $345,00

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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