Cash -- $280,000
Raw Materials Inventory -- 32,000
Goods in Process Inventory -- 31,000
$2,800 of direct materials
5,000 of direct labor
23,200 of overhead
Finished goods inventory -- 124,000
Capital, Major League Bat Comapny -- 467,000
Sales --
Cost of goods sold --
Factory Payroll --
Factory overhead --
1. Information about the July inventories follows. Use this information to prepare a process cost summary, assuming the weighted-average method is used. (Round your cost per EUP answers to 2 decimal places for "Cost per EUP" and "Cost assignment and reconciliation".
Units
Beginning Inventory 7,000 units
Started 10,200 units
Ending Inventory 8,500 units
Beginning Inventory
Materials - Percent complete - 100%
Conversion Costs - Percent complete - 80%
Ending Inventory
Materials - Percent complete - 100%
Conversion Costs - Percent complete - 60%