Chap004 (dragged) 32 - Direct material: u material direct...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. Managerial Accounting, 6/e 4-33 PROBLEM 4-36 (CONTINUED) D i r e c t Material Conversion Total W o r k i n p r o c e s s , January 1. .............................. $232,000 $110,600 $ 342,600 C o s t s i n c u r r e d d u ring January . ........................ 400,000 820,000 1 , 2 2 0 , 0 0 0 T o t a l c o s t s t o account for. ................................. $632,000 $930,600 $ 1 , 5 6 2 , 6 0 0 E q u
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Unformatted text preview: Direct material: u material direct of unit equivalent per cost material direct of units equivalent of number .............................. 20,000 u $7.90 $ 158,000 Conversion: u conversion of unit equivalent per cost conversion of units equivalent of number ......................................... 6,000 u $14.10 84,600 Total cost of January 31 work in process. ............................................... $ 2 4 2 , 6 Check: Cost of goods completed and transferred out. .. $1,320,000 Cost of January 31 work-in-process inventory. . 242,600 Total costs accounted for . ................................... $1,562,600...
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