20-29_22e - Inventory in process, May 31 (70% completed)...

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Exercise 20-29 Name: Section: Enter the appropriate amount in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. NORTH GEORGIA CARPET COMPANY Cost of Production Report - Cutting Department For the Month Ended May 31, 2008 Equivalent Units Units Whole Units of Production Units to be accounted for: Inventory in process, May 1 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned cost: Transferred to finished goods in May
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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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