Question

The following data pertain to Tuscaloosa Paperboard Company, a manufacturer of cardboard boxes.
Work in process, March 1 10,000 units*
Direct material............................................................................. $ 10,900
Conversion.................................................................................. 28,950
Costs incurred during March
Direct material............................................................................ $112,700
Conversion.................................................................................. 160,200
*Complete as to direct material; 35% complete as to conversion.
The equivalent units of activity for March were as follows:
Direct material (weighted-average method)............................... 103,000
Conversion (weighted-average method)..................................... 97,000
Completed and transferred out................................................. 89,000

Required:

Compute the following amounts using weighted-average process costing.
1. Cost of goods completed and transferred out during March.
2. Cost of the March 31 work-in-process inventory.



$1.99
Sales1
Views465
Comments0
  • CreatedApril 22, 2014
  • Files Included
Post your question
5000