This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: P16-5B Kiley Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the month of May are as follows. Production DataBicycles Units Percent Complete Work in process units, May 1 500 Units started in production 1,000 Work in process units, May 31 600 Cost DataBicycles Work in process, May 1 $10,000 Conversion costs 9,280 Direct materials Manufacturing overhead Hint: Determine equivalent units and unit costs and assign costs. (SO 5 , 6 , 7 ) Instructions (a) Calculate the following. (1) Materials (2) Materials (3) Transferred out WIP (b) Prepare a production cost report for the month of May for th...
View Full Document
This note was uploaded on 11/06/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.
- Fall '11