ACG$2071-$ SPRING $2023$

CHAPTER $12$ HOMEWORK

EXERCISE $2$

Legacy Company manufactures umbrellas and has the following information available for the month of May:

$64,500103,00$

$81500+189,500=$

Work in process, May $1$

$(100\%$ complete for materials, $90\%$ for conversion$)$

Direct materials

$$64,500$

Conversion cost

Number of units started

May costs

Direct materials

Conversion cost

$36,000$ units

$$87,500$

$90,500$ units

$$103,000$

$$189,500$

Work in process, May $31$

$(100\%$ complete for materials, $20\%$ for conversion$)$

$33,500$ units

Required: