Question: McIntyre Industries Work in Process Inventory account had a 68 000

McIntyre Industries’ Work in Process Inventory account had a $68,000 beginning balance on May 1 ($40,000 of this related to direct materials used during April, while $28,000 related to conversion costs incurred during April). During May, the following costs were incurred in the department:
Direct materials used............................................................................. $106,000
Direct labour......................................................................................... 18,000
Manufacturing overhead allocated to the department........................... 154,000
Summarize the department’s “Total costs to account for.” Prepare a schedule that summarizes the department’s total costs to account for by direct materials and conversion costs.

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  • CreatedApril 30, 2015
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