Question: please assist with Problem 18.7B PROBLEM 18.7B Process Costing through Two Departments Delray Industries manufactures plastic wading pools as part of a Delray Industries manufactures
PROBLEM 18.7B Process Costing through Two Departments Delray Industries manufactures plastic wading pools as part of a Delray Industries manufactures plastic wadimg eials and conversion are adascompiled departments: Molding and Fi month in both at the end of June: continuous process through two mishing. Direct materials and conversion are added throughout the ts, but at different rates. The information presented below was compiled departmen Molding Finishing Department Department Beginning Inventories (on June 1): Physical units in production carried forward from May 31 Costs: 3,000 5,000 Transferred Molding costs carried forward from May 31... $150,000 4,000 24,000 Direct materials costs carried forward from May 31 $37,800 14,400 Conversion costs carried forward from May 31..... .. . .. .. Current Production (in June): Units started during June . . . . . . Units in ending inventories as of June 30... . . . Costs: 50,000 1,000 2,000 Molding costs transferred to Finishing during June........ Direct materials costs incurred in June..... . . . . Conversion costs incurred in June . . . . . 612,000 430,400 $912,600 $222,000 612.000 430,400 Percentage of Completion: Inventories with respect to direct materials on June1 Inventories with respect to conversion on June 1 Inventories with respect to direct materials on June 30 Inventories with respect to conversion on June 30............ 70% 40 80% 20 20% 60 75% 90
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