Bestseller Book's binding department has beginning inventory of 5,000 units and $20,000. consisting of $10,000 of...

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Bestseller Book's binding department has beginning inventory of 5,000 units and $20,000. consisting of $10,000 of direct materials and $10,000 of conversion costs. During the period, the department completed 88,000 units and had ending inventory of 15,000 units. Ending Inventory is 20% complete with respect to Direct Materials and 65% complete with respect to conversion. During the period, the department added direct materials costing $172,000 and conversion costs of $283,250. Assign and reconcile the costs for the period. Assign Costs DM costs transferred out Conversion costs transferred out Total costs transferred out DM costs in Ending Inventory Assign and reconcile costs Conversion costs in Ending Inventory Total costs in Ending Inventory Total costs for the period Cost Categories Reconcile to Known Costs Beginning Inventory DM added during the period Conversion added during the period Total costs for the period Dollar Value 440,000 35,250 475,250 Dollar Amount 172,000 475,250 Bestseller Book's binding department has beginning inventory of 5,000 units and $20,000. consisting of $10,000 of direct materials and $10,000 of conversion costs. During the period, the department completed 88,000 units and had ending inventory of 15,000 units. Ending Inventory is 20% complete with respect to Direct Materials and 65% complete with respect to conversion. During the period, the department added direct materials costing $172,000 and conversion costs of $283,250. Assign and reconcile the costs for the period. Assign Costs DM costs transferred out Conversion costs transferred out Total costs transferred out DM costs in Ending Inventory Assign and reconcile costs Conversion costs in Ending Inventory Total costs in Ending Inventory Total costs for the period Cost Categories Reconcile to Known Costs Beginning Inventory DM added during the period Conversion added during the period Total costs for the period Dollar Value 440,000 35,250 475,250 Dollar Amount 172,000 475,250

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Production Cost report Solution EQUIVALENT PRODUCTION Flow of Production Complet... View the full answer