Business, 25.04.2020 03:15 jorell

Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to non deductible material defects. Spoiled units generally constitute 4% of the good units. Data provided for February 2019 are as follows: WIP, beginning inventory 2/1/2019 50,000 units Direct materials (100% complete) Conversion costs (50% complete) Started during February 164,000 units Completed and transferred out 162,000 units WIP, ending inventory 2/29/2019 30,000 units Direct materials (100% complete) Conversion costs (25% complete) Costs: WIP, beginning inventory: Direct materials $ 300,000 Conversion costs 88,000 Direct materials added 419,832 Conversion costs added 219,786 What are the total costs of all the units that were initially in the beginning work-in-process inventory and were subsequently shipped

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Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materia...

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