Refer to the information in Problem 18.5B. Information in Problem 18.5B. Instructions a . Complete a production
Question:
Refer to the information in Problem 18.5B.
Information in Problem 18.5B.
Instructions
a. Complete a production cost report for the Balfanz Company Finishing Department for the month of September.
b. Discuss how management might use the production cost report to help manage costs.
Transcribed Image Text:
Work in Process Inventory, September 1: 50,000 units Direct materials: 100% complete.. Conversion: 40% complete Balance in work in process, September 1 Units started during September... Units completed and transferred in September Work in process (80% complete), September 30 Costs charged to Work in Process in September Direct materials ..... Conversion costs: Direct labor .... Overhead applied Total conversion .... $ 150,000 120,000 $ 270,000 300,000 280,000 ? $1,200,000 $1,000,000 $1,212,000 $2,212,000
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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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