Unformatted text preview: Inventory in process, May 31 (70% completed) Total units to be assigned cost Costs Costs Units costs: Total costs for May in Cutting Dept. Divide by total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, May 1 Costs incurred in May Total units accounted for by the Cutting Department Costs allocated to completed and patially completed units: Transferred to finished goods in May Inventory in process, May 31 Total costs assigned by the Cutting Department...
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This note was uploaded on 03/12/2011 for the course ACCT 2011 taught by Professor Field during the Fall '09 term at University of Minnesota Morris.
- Fall '09