The beginning of the process


Fairfax company uses weighted -average process costing to account for it productio cost. Direct labor is added evenly thourghout the process. Direct material are added at the beginning of the process. During September , the company transferred 735,000 units of product of finished goods. At the end of September, the goods in process inventory consists of 207,000 units that are 90% complete with repect to labor. Begining inventory had 244,920 of direct material s and 69,098 of direct labor cost. The direct labot cost added in September is 1,312,852 and the direct material cost added is 1,639,080.

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Accounting Basics: The beginning of the process
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