Process costing summary

Process costing summary - Total Materials Conversion Costs...

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Process costing summary Once the physical units have been identified and the equivalent units calculated, the per unit cost is  calculated and the cost summary is prepared for each function. Assume the following facts and costs  for Department 1 for August. Overhead costs are based on direct labor hours. %Completed
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Unformatted text preview: Total Materials Conversion Costs Beginning inventory 3,000 100% 60% Started and completed 5,000 100% 100% Ending 2,000 100% 30% Total 10,000 Total Materials Conversion Costs Beginning inventory $ 5,010 $2,760 $ 2,250 Incurred in August Direct materials 5,740 5,740 Direct labor 5,100 5,100 Overhead 3,400 3,400 Total Costs $ 19,250 $ 8,500 $s 10,750...
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Process costing summary - Total Materials Conversion Costs...

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