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Unformatted text preview: Costs Costs Direct Materials Conversion Units costs: Total costs for May in Cutting Department Divide by total equivalent units Cost per equivalent unit (b) Costs charged to production: Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Cutting Department Costs allocated to complete and partially completed units: Inventory in process, May 1 balance To complete inventory in process, May 1 Started and completed in May Transferred to finished goods in May Inventory in process, May 31 Total costs assigned by the Cutting Department nt Units Conversion (b) Total Costs...
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- Fall '09
- Accounting, Conversion of units, equivalent units, Cutting Department, May Inventory