Molding Inc. manufactures plastic moldings for car seats. Its costing system uses two cost categories , direct materials and conversion costs. Direct materials are added at the beginning of production.

Molding Inc. manufactures plastic moldings for car seats. Its costing system uses two cost categories , direct materials and conversion costs.  Direct materials are added at the beginning of production.  Conversion costs are allocated evenly throughout production. Molding Inc. uses the WEIGHTED-AVERAGE PROCESS COSTING METHOD . Work in process, beginning inventory, 40% complete                                       200 units Units started during February                                                                                     600 units Work in process, ending inventory, 30% complete                                             100 units Cost data: Work in process, beginning inventory: direct materials                                    $        100,000 Work in process, beginning inventory: conversion costs                                            100,000 Direct materials costs added during February                                                             1,000,000 Conversion costs added during February                                                                                     1,250,000 Complete the production report and answer the following questions: is the manufacturing cost per unit:                                                             $________________per unit is the amount of direct materials and conversion costs assigned to ending work in process? $_____________materials $_______________conver.costs

Do you need us to help you on this or any other assignment?


Make an Order Now
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *