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MANAGERIAL ACCOUNTING HANDOUT PROBLEM 5 Score Name Section Problem (10 points) The Jackson Wool Company produces wool fabric using a three stage manufacturing process: Cleaning. Spinning, and Weaving. Costs incurred in the first stage, Cleaning, for the month of September are provided below JACKSON WOOL COMPANY COST INFORMATION FOR PROCESS COSTING CLEANING DEPARTMENT FOR MONTH OF SEPTEMBER Beginning Work in Process: Direct Materials 32,000 Conversion Costs 48,000 Current Period Costs: Dircct Materials Conversion Costs 128,000 192.000 The Cleaning Department ended the month of August with 4,000 pounds of wool still in process that were 100% complete with respect to materials and 80% complete with respect to conversion costs. September activity in the Cleaning Department included starting work on 15,000 pounds of wool. The company had 3,000 pounds of wool still in process at the end of September that were 100% complete as to direct materials and 60% complete as to conversion costs