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Work in Process—Mixing Department June 1 balance 42,000 Completed and transferred to Finished Goods ? Materials...

Work in Process—Mixing Department June 1 balance 42,000

Completed and transferred to Finished Goods ?

Materials 136,480 Direct labor 87,500

Overhead 105,000 June 30 balance ?

The June 1 work in process inventory consisted of 5,800 units with $22,280 in materials cost and $19,720 in conversion cost.

The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion.

During June, 38,300 units were started into production.

The June 30 work in process inventory consisted of 9,600 units that were 100% complete with respect to materials and 50% complete with respect to conversion.

What is the cost of beginning work in process inventory plus the cost added during the period for conversion?

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Answer #1

Conversion costs refer to costs incurred to convert raw materials into work in process or finished goods. That is, these cost

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