Chap004(dragged 20 - PROBLEM 4-30(CONTINUED 4 Cost remaining in August 31 work-in-process inventory Direct material number of cost per equivalent

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Unformatted text preview: PROBLEM 4-30 (CONTINUED) 4. Cost remaining in August 31 work-in-process inventory: Direct material: number of cost per equivalent equivalent units of unit of direct material direct material ......................... 20,000 $1.15 $23,000 6,000 $10.28 61,680 Conversion: number of cost per equivalent equivalent units of unit of conversion conversion ................................... Total cost of August 31 work in process..................................................... Check: Cost of goods completed and transferred out .............................. Cost of August 31 work-in-process inventory............................... Total costs accounted for................................................................ 5. $ 84,680 $1,143,000 84,680 $1,227,680 Journal entry: Finished-Goods Inventory................................................. Work-in-Process Inventory..................................... McGraw-Hill/Irwin Managerial Accounting, 6/e 1,143,000 1,143,000 2005 The McGraw-Hill Companies, Inc. 4-21 ...
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This note was uploaded on 03/28/2012 for the course ACC260 AAAJ0OKG00 taught by Professor Katrenataylor during the Spring '10 term at University of Phoenix.

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