|
|
|
| Work in Process Inventory, August 1: 20,000 units |
|
|
| Direct materials: 100% complete |
$ |
80,000 |
| Conversion: 20% complete |
|
24,000 |
|
|
|
| Balance in work in process, August 1 |
$ |
104,000 |
| Units started during August |
|
52,000 |
| Units completed and transferred in August |
|
59,000 |
| Work in process (70% complete), August 31 |
|
? |
| Costs charged to Work in Process in August |
|
|
| Direct materials |
$ |
161,000 |
| Conversion costs: |
|
|
| Direct labor |
$ |
123,000 |
| Overhead applied |
|
138,000 |
|
|
|
| Total conversion |
$ |
261,000 |
|
|
|
|