Question: PROBLEM 6: Beginning inventory 10,000 units. These units are 80% complete for material, 60% complete for labor and overhead. Detail of cost of the beginning

PROBLEM 6: Beginning inventory 10,000 units. These units are 80% complete for material, 60% complete for labor and overhead. Detail of cost of the beginning inventory is, $8,640 for material, $2,080 is for labor and $3,580 is for overhead, making a total cost of $14,300 for 10,000 partially completed units.

During the period started work on 90,000 units. During the period incurred a cost of $105,600 for direct materials, $43,000 for direct labor, and applied $64,500 of overhead.

Ending inventory consist of 16,000 units, 75% complete for material and 50% complete for labor and overhead.

Using weighted average method the cost per equivalent unit for material is $1.19, for labor is $0.49, and for overhead $0.74.

Required: Complete step 3 and step 4 of process costing.

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