Chap004 (dragged) 42 - 225,000 * $ 6 , = d i r e c t-m a t...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. Managerial Accounting, 6/e 4-43 PROBLEM 4-40 (CONTINUED) F i n i s h e d - G o o d s I n ventory. ................................................... 1,525,000* W o r k - i n - P r o c e s s I n v e n t o ry: Punching. ..................... 1,525,000 * $ 1 , 5 2 5 , 0 0 0 = 2 , 5 0 0 n o n r e f l e c t i v e c e r a l a m housings sold after punching u $610 per unit C o s t o f G o o d s Sold. .............................................................. 1,525,000* F i n i s h e d - G o o d s Inventory. ......................................... 1 , 5 2 5 , 0 0 0 * $ 1 , 5 2 5 , 0 0 0 = c o s t o f n o n r e f l e c t i v e c e r a l a m housings sold after punching W o r k - i n - P r o c e s s I n v e n tory: Dipping. .................................. 915,000* W o r k - i n - P r o c e s s I n v e n tory: Punching. ..................... 915,000 *$915,000 = cost remaining in Work-in-Process Inventory: Punching = $ 1 , 8 0 0 , 0 0 0 + $ 6 4 0 , 0 0 0 $ 1 , 5 2 5 , 0 0 0 W o r k - i n - P r o c e s s I n v e n tory: Dipping. .................................. 285,000 R a w - M a t e r i a l Inventory. .............................................. 60,000* A p p l i e d C o n v e r sion Costs . ........................................
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Unformatted text preview: 225,000 * $ 6 , = d i r e c t-m a t e r i a l cost for chemical dip $225,000 = conversion cost in dipping operation F i n i s h e d-G o o d s I n ventory. ................................................... 1,200,000* W o r k-i n-P r o c e s s I n v e n tory: Dipping. ........................ 1,200,000 * $ 1 , 2 , = 1 , 5 r e f l e c t i v e c e r a l a m h o u s i n g s sold after dipping u $800 per unit C o s t o f G o o d s Sold. .............................................................. 1,200,000 F i n i s h e d-G o o d s Inventory. ......................................... 1 , 2 ,...
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