On June 1, the Grinding Department of Precision Lenses had costs carried forward from May totaling $400,000.

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On June 1, the Grinding Department of Precision Lenses had costs carried forward from May totaling $400,000. Resources consumed to complete the beginning inventory totaled $80,000. The total cost of units started by the Grinding Department in June was $1,600,000. On June 30, costs assigned to the department’s ending inventory totaled $590,000. Compute the costs transferred out of the Grinding Department during June.

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Financial And Managerial Accounting The Basis For Business Decisions

ISBN: 9781260247930

19th Edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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