Homework Answers
Solution:
| Computation of Ending WIP | ||
| Particulars | Cutting | Binding |
| Beginning WIP | $3,945.00 | $8,920.00 |
| Transferred in from cutting | $0.00 | $21,100.00 |
| Direct materials | $13,540.00 | $9,828.00 |
| conversion | $15,750.00 | $19,625.00 |
| Total costs | $33,235.00 | $59,473.00 |
| Less: Transferred to Binding | $21,100.00 | $0.00 |
| Less: Transferred to Finished goods | $0.00 | $30,000.00 |
| Ending WIP | $12,135.00 | $29,473.00 |
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