Refer to the information in PA3-3 for Seemore Company.

Required:

Prepare Seemore’s journal entries to record each of the following transactions.

(a) Added direct materials to production during March.

(b) Applied conversion cost during March.

(c) Transferred costs of completed units to Finished Goods Inventory.

(d) Sold units costing \($650,000\) for \($1,000,000.\)

(e) Recorded \($3\) 29,000 of actual conversion cost.

(f) Disposed of the ending balance in the Conversion Cost account.

Data from PA3-3

Seemore Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows:

Transcribed Image Text:

Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Direct materials cost incurred Conversion cost applied Total cost added 58,900 units $ 96,000 172,000 $268,000 121,500 167,400 $253,700 324,000 $577,700