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Question
Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted-average method of inventory costing.Beginning Work in Process inventory:
Physical units 5,000 units
% complete for materials 70%
% complete for labor and overhead 25%
Materials cost from May $7,350
Labor and overhead cost from May $3,125
Product started and completed:
Physical units 40,000 units
Ending Work in Process inventory:
Physical units 4,000 units
% complete for materials 40%
% complete for labor and overhead 10%
Manufacturing costs for June:
Materials $96,975
Labor and overhead"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 $79,470
Compute the total cost of all units that were completed and transferred to finished goods during June. Compute the total cost of the ending Work in Process inventory.
Answer
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