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Brief Exercise 16-04 Goode Company has the following production data for selected months. Ending Work in Process Complete as
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Materials Conversion Costs
January                50,400                           44,020
March                50,400                           48,175
July                69,100                           51,940
Materials Conversion Costs
January 39,400 + 11,000 39,400 + (11,000*0.42)
March 41,500 + 8,900 41,500 + (8,900*0.75)
July 47,100 + 22,000 47,100 + (22,000*0.22)
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