Question: Process costing Units Beginning WIP 10000 Started in Production 67000 Completed and transferred out 55000 Ending WIP ???? Percent complete: Direct material 100% Conversion cost
Process costing Units Beginning WIP 10000 Started in Production 67000 Completed and transferred out 55000 Ending WIP ???? Percent complete: Direct material 100% Conversion cost 30% Costs Beginning WIP Direct material 12000 Conversion cost 5000 Direct material cost added 160000 Conversion cost added Direct labor 30000 MOH 55000 Total Conversion cost added 83000 Prepare production cost report for assembly department
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