Montreal Manufacturing Inc. has the following cost and production data for the month of April....
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Accounting
Montreal Manufacturing Inc. has the following cost and production data for the month of April.
| Beginning WIP | 17,300 | units | |
| Started in production | 104,900 | ||
| Completed production | 90,700 | ||
| Ending WIP | 31,500 |
The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of process. Costs pertaining to the month of April are as follows:
| Beginning inventory costs are: | |||
| Materials | $64,200 | ||
| Direct labour | 21,600 | ||
| Factory overhead | 16,700 | ||
| Costs incurred during April include: | |||
| Materials | $550,725 | ||
| Direct labour | 194,400 | ||
| Factory overhead | 395,642 |
Determine the costs to be assigned to the units transferred out and in ending work in process. (Round answers to 0 decimal places, e.g. 5,275.)
| Total | Material | Conversion | |||||
| Beginning Inventory | $
| $
| $
| ||||
| Complete beginning WIP |
|
|
| ||||
| Started and completed |
|
|
| ||||
| Cost for units transferred out | $
| $
| $
| ||||
| Ending work in process |
|
|
| ||||
| Total costs | $
| $
| $
|
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